Fache board of governors Study guides, Class notes & Summaries

FACHE WK 1 Governance & Organizational Structure 2023 – 2024 Updated Solution The voting rights of "Ex Officio" members is determined by: a) The CEO b) The Board Chair c) The By-laws d) The Governance Committee - CORRECT ANS - C Which of the following is not a reason for sanctions to be brought against members of a governing board? a) Unreasonable compensation b) Revenue based compensation c) Participation in bargain sales d) Assumption of management verses governance role -...

FACHE Board of Governor’s Practice Exam Questions With Answers Latest Update 2023/2024 Graded A+. According to the ACHE's Code of Ethics, one way that healthcare executives can avoid or minimize the negative implications of conflict of interest is to: a. Develop a public relations plan to address potential conflict-of-interest scenarios. b. Not participate in the specific decision where conflict may exist. c. Ensure members submit annual lists of major activities and holdings for inspecti...

FACHE Board of Governor’s Exam Questions With Answers Latest Updated 2024 (Graded A+) According to the ACHE's Code of Ethics, one way that healthcare executives can avoid or minimize the negative implications of conflict of interest is to: a. Develop a public relations plan to address potential conflict-of-interest scenarios. b. Not participate in the specific decision where conflict may exist. c. Ensure members submit annual lists of major activities and holdings for inspections. d. Mak...

FACHE Exam Questions 100% Verified Correct A+ RATED Sarbanes Oxley - CORRECT ANS - US federal law that set new or expanded requirements for all US public company boards, management and public accounting firms. Cover responsibilities of a public corporation's board of directors, adds criminal penalties and required SEC to create regulations FMLA - CORRECT ANS - 1993: law requiring covered employers to provide employees with job-protected and unpaid leave for qualified medical family rea...

FACHE BOG Practice Exam Questions With Verified Answers Latest Updated 2023/2024 Graded 100%. The principles of quality improvement require that healthcare executives change their management philosophy from: a. Finding fault with employees to finding problems in processes. b. Finding fault with employees to involving them in the improvement of processes. c. Focusing on enhanced inspection techniques to focusing on variance. d. Focusing on employees' roles to focusing on process outcomes. -...

FACHE Board of Governor’s Finance Exam Questions and Answers Updated Graded 100%. Definition of working capital Amount of cash required to support operations - for the period of delay in collecting revenue. 5 Financial Mgt functions that are essential for survival 1) Financial planning 2) Pricing 3) Mgt of long term capital 4) Mgt of short term assets & liabilities 5) Multiple corporate acct Relation of Finance to the Governing Board The finance system relates directly to the gov'n...

FACHE Board of Governor’s Exam Questions With Answers Latest Update Rated A++. A federal law providing for a fundamental reform of the US healthcare and health insurance system, signed by President Obama in 2010. It includes: increase insurance coverage for many patients, new approaches to support those with chronic disease, and a greater accountability for the cost and quality of care. Part of the "Triple Aim" - improving the individual patient experience with healthcare, improving th...

FACHE Board of Governor’s Exam Questions With Correct Answers Latest Update Graded 100%. Clinical Support Teams: provide specific clinical services to Caregiving Teams (clinical laboratory, pharmacy, imaging, cardiopulmonary) Logistic Support Teams - provide trained personnel, information, facilities, accounting, cash, management and supplies Strategic Support Teams: provide marketing, governance, internal consulting, finance, stakeholder relations management and strategic positioning S...