Exam Preview for 38581: Concierge Mobile Audiology: Creating and Su

Concierge Mobile Audiology: Creating and Sustaining a Successful and Rewarding Practice

Please note: exam questions are subject to change.

1. What is needed when creating a business plan? Market and SWOT analyses Financial forecasting with balance sheet, income statement, cash flow, and break even analysis Marketing and sales strategy All of the above
2. What are pros of running a concierge/mobile audiology practice? More flexible schedule Low start up and marketing costs Unique patient offering All of the above
3. What is a break even point plus profit? The point where your total expenses equal your total revenues The point where your total expenses equal your total revenues plus your desired annual profit A company’s assets, liabilities, and owner’s equity The point where you lose your patience and throw in the towel
4. What are useful tools to help you decide which, if any, health insurances are profitable for your business? Obtain insurance fee schedules and ask local billers and audiologists their opinions Trial and error Allowing your front desk staff to choose None of the above
5. How do you decide which services you will provide? Create a decision tree Complete a competitive analysis Survey patients and referral sources All of the above