South Texas College BAT MHSM 4304 Quiz 5 QUESTION1)The number of times an event occurs and can be gauged in relation to any relevant period of time or are is called: Severity Frequency Formulation Adverse occurrence     QUESTION 2   1

South Texas College

BAT MHSM 4304

Quiz 5

QUESTION1)The number of times an event occurs and can be gauged in relation to any relevant period of time or are is called:

Severity Frequency Formulation

Adverse occurrence

QUESTION 2

1.                                           means planning for losses by using available cash, establishing loss reserves or borrowing fund

Hold harmless

Risk retention

Risk Transfer

Risk adverse

QUESTION 3

1.                            When formulating a plan, the risk manager may or may not evaluate the potential loss in terms of frequency of adverse events and the severity of their financial consequences. True or False?

True

False

QUESTION 4

1.                            The financial survival of a healthcare organization requires achieving the optimal balance between retaining risk and transferring risk.

True

False

QUESTION 5

1.                            Occurrence policies cover all injuries that occurred during the policy period, regardless of when they were reported.

True

False

QUESTION 6

1.                            The cost of the loss in dollars is called: Severity

Frequency Formulation

Adverse occurrence

QUESTION 7

1.                            Patient's injuries example may include all except Nosocomial infection

Medication error

Anesthesia complications causing injury

None of the above

QUESTION 8

1.                            The financial survival of a healthcare entity requires achieving the optimal balance between retaining risk and transferring risk. True or False

True

False

QUESTION 9

1.                            An insurance company owned solely for the benefit of an individual healthcare organization to insure its own risks is known as:

Self-insurance

Captive insurance company

Large deductible insurance company

Risk Pool

QUESTION 10

1.            To determine cost-effectiveness of the Total Cost of Risk (TCOR) include all except one

Cost of risk transfer

Net cash flow Budgeted TCOR All of the above