Mha 706 Midterm- Lord Study Guide Graded A+

Unrestricted: {Ans: no endowment restrictions-you can use money whenever.}ACA major provisions {Ans: 1) access to health insurance 2) Medicaid expansion for low income individuals 3) banning of preexisting condition coverage limitations 4) extended coverage for young adults (up to 25 yrs) under parents insurance 5) mental health, maternity care, & emergency care 6) free preventative care 7) value-based payments, accountable care organizations, & medical homes}if business meets stringent set of requirements, it can qualify as not-for-profit also called {Ans: 1) tax-exempt 2) 501(c)(3) 3) 501(c)(4)}The time frame of a balance sheet {Ans: At a current point of time, differs from income statement because in an income statement it is yearly (annually), or at a specific time.}Net Working Capital (NWC) {Ans: current assets - current liabilities}HFMA {Ans: Healthcare Financial Management Association}