Health Plan Finance and Risk Management practice test helps to understand how they price their health and other topics

Expected learning & outcomes

• Key accounting principles associated with a health plan’s financial information
• Types of risks health plans face and approaches they use to manage them.
• Differences between fully funded and self-funded health plans.
• Major risks and cost factors associated with the delivery and financing of health-care services under Medicare and Medicaid contracts.
• Key factors and methods associated with underwriting and rating healthcare benefits
• Factors health plans consider when developing and pricing healthcare products
• How to analyze and interpret results of a health plan’s financial statements through the use of financial ratios
• How to use financial information to develop a health plan’s strategic plan and manage the health plan’s cash and capital effectively.

Skills you will learn