Practice Survival Pretest

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Question 1 of 10

1. Question
What financial statement shows physicians their labor costs?
- Balance Sheet
- Income statement
- Statement of cash flow
- Statement of Net assets
- I am not sure of the correct answer.
Question 2 of 10

2. Question
Accrual accounting systems:
- Book revenue when cash is received.
- Make it difficult to perform cost analysis.
- Match revenues with expenses.
- Are less effective in determining profit than other systems.
- I am not sure of the correct answer.
Question 3 of 10

3. Question
Variance analysis is based on all of the following except:
- Volume
- Price
- Total expenses
- Other
- All of the above are true.
- I am not sure of the correct answer.
Question 4 of 10

4. Question
Which is the statement of a good leader?
- I make all the major decisions because I have the most experience.
- I am responsible for that mistake because as the leader I am ultimately responsible.
- I listened carefully and then I made the decision.
- I let them make the decision because they are doing the work.
- I am not sure of the correct answer.
Question 5 of 10

5. Question
Sort in order of most immediate activity to least immediate activity in preserving practice sustainability based on the prime directive.

Use your mouse to move selections into the correct order.
- Form a team to address immediate practice sustainability options
- Contact telemedicine vendors to determine costs and install timeline.
- Research small business/practice relief programs
- Stop all rent/lease payments and renegotiate payments.
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Question 6 of 10

6. Question
Which of the following are features of crisis leadership?
- Authority
- Decisiveness
- Decentralize
- Control
- All of the above
- I am not sure of the correct answer.
Question 7 of 10

7. Question
Where should your team focus its earliest financial decision making as it address practice sustainability?
- Balance Sheet
- Statement of Cash Flow
- Income Statement – Revenue
- Income Statement – Expenses
- I am not sure of the correct answer.
Question 8 of 10

8. Question
Use your mouse to match the best associated entries.
Sort elements
- Medicare Advance Care Planning
- Medicare Chronic Care Management
- Medicare CCM payment
- Medicare Remote Patient Monitoring payment
- $200/hour profit
- $200,000/yr/FTE Revenue
- $48
- $65
Question 9 of 10

9. Question
Which demographic has seen the largest portion of telemedicine visits prior to COVID – 19?
- 31 – 40
- 41 – 50
- 51 – 60
- 60+
- Approximate even split of all demographics
- I am not sure of the correct answer.
Question 10 of 10

10. Question
Which is true of the COVID – 19 telemedicine rules that were put into effect on March 6, 2020.
- Services across any state line without restriction only during the crisis.
- Established patients only.
- Optional co-insurance waiver.
- HIPAA compliant
- All are true.
- I am not sure of the correct answer.

COVID 19 Practice Survival Kit 2.0 CME

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