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AHIP AHM-520 Exam - Topic 3 Question 62 Discussion

A health plan can use cost accounting in order to
A) Determine premium rates for its products
B) Match the costs incurred during a given accounting period to the income earned in, or attributed to, that same period
C) Both A and B
D) A only
E) B only
F) Neither A nor B

AHIP AHM-520 Exam - Topic 3 Question 62 Discussion

Actual exam question for AHIP's AHM-520 exam
Question #: 62
Topic #: 3
[All AHM-520 Questions]

A health plan can use cost accounting in order to

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Suggested Answer: A

by Salome at Dec 09, 2022, 08:30 AM

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Thea
10 months ago
A only makes sense to me.
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Kirby
11 months ago
Wait, can it really do both? Sounds too good to be true.
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Johnathon
11 months ago
Definitely both A and B!
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Portia
11 months ago
I think it’s more about matching costs and income.
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Aileen
11 months ago
Cost accounting helps set premium rates, for sure!
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Pearly
11 months ago
I vaguely remember a practice question that was similar, and it seemed like both A and B were correct in that context.
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Lucia
11 months ago
I feel like both A and B make sense together, especially since they relate to financial performance.
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Derrick
11 months ago
I think matching costs to income is really important too, but I can't recall if that was part of the exam focus.
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Bong
12 months ago
I remember we discussed how cost accounting helps in setting premium rates, but I'm not sure if that's the only purpose.
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Tawna
12 months ago
I'm a bit confused by this question. I know environment variables are important, but I'm not sure how they specifically apply to the Solaris operating system. I'll have to do some quick research to refresh my memory.
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Oneida
12 months ago
This seems straightforward. I think the answer is C - provide a public function that assigns a value to the private data member. That way, the consumer can access and modify the data member through the public function.
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Alease
12 months ago
Hmm, I'm not totally sure about this one. Dumpster diving sounds like the right approach, but I want to double-check the other options just to be safe.
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Sherita
12 months ago
I kinda recall that comorbidity affects treatment plans, but I'm confused if that relates back to the severity described in option C or the presence in D.
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Maybelle
12 months ago
It could be that all of those factors contributed, so maybe "All the above" is the right choice?
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Edda
12 months ago
This question is tricky! I think we had a similar one in class, and I chose "pattern" there, but that might be different.
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Letha
12 months ago
I'm feeling pretty confident about this one. The Aviatrix Gateways option seems like the most comprehensive solution that meets all the stated goals.
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