Quiz – Impact of a Strained Economy on Healthcare and Patient Behaviour

1. The average GP consultation fee increase from 2014 to 2016 has been around 7% to 8.5% each year

2. Over the last three years, the increases in the inflation rate and the average increase in taxpayer salary has been proportionate to the average disposable income.

3. The definition of Junk Status is: ‘Credit ratings are a measure of the credit worthiness of a country’s government, meaning that they show how likely the government is to pay back borrowed money’

4. Which option below is an example of a ‘junk status’ implication that may add to cost pressures within healthcare.

5. At a macro-economic level, which sector outside of healthcare will have the greatest impact on privately practising medical professional’s businesses?

6. Which economies have the greatest effect on the South African rand?

7. Which option below is an example of a ‘junk status’ implication that may add to the overall cost pressures within healthcare?

8. Choose the correct statement:

9. How long does it take the end consumer to feel the impact of a junk status rating?

10. At a macro-economic level, which statement is not related to the likely effects on a medical practice, due to South Africa’s downgrade to junk status?

11. At a micro-economic level, choose the correct statement that reflects the trend observed in the frequency of patient visits from 2014 to 2016.

12. What is sacrificed when the total number of patient visits remains the same at a medical practice, but the unique number of patients seen increases?

13. Relative to medical aid cover, which of the following statements best describes patient’s anticipated behaviour due to our country’s economic climate?

14. Considering our current economic climate, which of the below statements is an example of an effective way for a private medical practice to increase their nett revenue?

15. Which of the following suggested measures will not aid a medical practice in future proofing their financial health