Roche Corporate Accounts Financial Analysis And Ratios Webinar Assessment
This assessment will cover the following knowledge check points: Recognition of Clinical Utility, Operational Efficiency, and Financial Performance (COF) Framework and Implications for RDC Recognition of Financial Ratio indicators of Hospital Performance Analysis
- 1.The COF test is used by healthcare executives to balance their evaluation of a project. The purpose of the COF test is:
- A.
To ensure alignment of the project with the organization's Mission
- B.
To assess the fit between the project and current operational resources, or to reduce operational deficits in people, processes, and technology
- C.
To ensure that the project will support the financial viability of the organization
- D.
To balance the consideration and communicate effectively to the board about the benefits and costs of a proposed project
- 2.For RDC, the COF test is useful for: (Select all that apply)
- A.
Structuring a Value Proposition to create competitive differentiation
- B.
Align communication about One Roche in the context of customer business objectives
- C.
Facilitate the monetization of the costs of the current state, and anticipated future benefits of the RDC solution
- 3.Examples of Clinical Utility include: (Select all that apply)
- A.
Improved Outcomes
- B.
Improved Patient Safety
- C.
Conformance with Evidence Based Medicine and Standards of Care
- D.
Decreased Risk of Adverse Events
- E.
Improved Patient Compliance
- 4.Examples of Operational Efficiency include: (Select all that apply)
- A.
Improved workflow in the laboratory
- B.
Improved workflow in the facility
- C.
Increased staffing productivity
- D.
Increased ability to meet service demands with current staff and FTEs
- E.
Lean processes
- 5.Examples of Financial Performance include: (Select all that apply)
- A.
Liability Avoidance
- B.
Revenue Growth
- C.
Increased Profitability
- D.
Improved Brand Value, and Marketing and PR Effectiveness
- E.
Pay-For-Performance Program Success
- F.
Asset Management
- 6.Provider Financial Ratios are grouped into three basic categories: (Select the 3 that apply)
- A.
Profitability Ratios
- B.
Charge Capture Ratios
- C.
Cost Center Ratios
- D.
Solvency Ratios
- E.
Liquidity Ratios
- F.
Inpatient to Outpatient Ratios
- G.
Payer Mix Ratios
- 7.To assess the organization's performance in Liquidity it is important to look at Days-Cash-On-Hand (DCOH), and Current Ratio, to determine whether low DCOH is the result of active cash management or poor cash flow.
- A.
True
- B.
False
- 8.To assess the organization's performance in Solvency, it is important to look at Long Term Debt to Net Assets and Liabilities to Fund balances and compare the two. The examination of both ratios is important to determine where the liabilities exist. When proposing a capital project we need to be sensitive to Long Term Debt, e.g. bond covenants, constraints and restrictions that could negatively affect a capital project approval. Conversely, when a large amount of current liabilities like Labor costs exist, automation and capital investment could positively affect the situation.
- A.
True
- B.
False
- 9.Many hospitals operate at a positive operating margin, but a negative net margin.
- A.
True
- B.
False
- 10.Many hospital executives, including CFOs are compensated based on Return on Assets (ROA) performance.
- A.
True
- B.
False
- 11.EBITDA is a Non-GAAP measure that reflects the organization's ability to create positive cash proceeds from operations.
- A.
True
- B.
False
- 12.Which of the following is not an Executive Decision Making driver in 2013?
- A.
Quality/Safety
- B.
Liquidity/Solvency/Profitability
- C.
Regulation/Compliance
- D.
Risk Management/Liabilities
- E.
Market/Competition
- F.
Budget Neutrality/Cost Stability
- 13.Which of the following is not one of the top initiatives in action at virtually all of your provider clients?
- A.
Quality Improvement
- B.
IT Implementation
- C.
Patient Flow Improvement
- D.
Patient Satisfaction
- E.
Standardization
- 14.A __________ is a Center of Excellence, focused on a patient population with a range of conditions and symptoms. A __________ manager is engaged in meeting providers and patients needs for Quality, Access and Convenience.
- 15.The four phases of capital project approval are: 1. Project Initiation 2. ____________ 3. Funding Decision 4. Implementation
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