Governance and Regulation

Here you have the best AHIP AHM-510 practice exam questions

You have 76 total questions across 16 pages (5 per page)
These questions were last updated on February 17, 2026
This site is not affiliated with or endorsed by AHIP.

Question 1 of 76

From the following answer choices, choose the term that best corresponds to this description. Barrington Health Services, Inc. contracts with a state Medicaid agency as a fiscal intermediary. Barrington does not provide medical services, but contracts with medical providers on behalf of the state Medicaid agency.

Health insuring organization (HIO)

Independent practice association (IPA)

Physician practice management (PPM) company

Peer review organization (PRO)

Question 2 of 76

The Good & Well Pharmacy, a Medicaid provider of outpatient drugs, is subject to the prospective drug utilization review (DUR) mandates of the Omnibus Budget Reconciliation Act of 1990 (OBRA '90). One component of prospective DUR is screening. In this context, when Good & Well is involved in the process of screening, the pharmacy is:

Updating a formulary to represent the current clinical judgment of providers and experts in the diagnosis and treatment of disease

Reviewing patient profiles for the purpose of identifying potential problems

Consulting directly with prescribers and patients in the planning of drug therapy

Denying coverage for the off-label use of approved drugs

Question 3 of 76

The Tidewater Life and Health Insurance Company is owned by its policy owners, who are entitled to certain rights as owners of the company, and it issues both participating and nonparticipating insurance policies. Tidewater is considering converting to the type of company that is owned by individuals who purchase shares of the company's stock. Tidewater is incorporated under the laws of Illinois, but it conducts business in the Canadian provinces of Ontario and Manitoba. Tidewater established the Diversified Corporation, which then acquired various subsidiary firms that produce unrelated products and services. Tidewater remains an independent corporation and continues to own Diversified and the subsidiaries. In order to create and maintain a common vision and goals among the subsidiaries, the management of Diversified makes decisions about strategic planning and budgeting for each of the businesses.
By combining under Diversified a group of businesses that produce unrelated products and by consolidating the management of the businesses, Tidewater has achieved the type(s) of integration known as:

Conglomerate integration and operational integration

Horizontal integration and operational integration

Horizontal integration and virtual integration

Conglomerate integration only

Question 4 of 76

In the paragraph below, a statement contains two pairs of terms enclosed in parentheses. Determine which term in each pair correctly completes the statement. Then select the answer choice containing the two terms that you have chosen. Inflation plays a role in the health plan environment by influencing the prices of healthcare services, supplies, and coverage. During an inflationary period, consumers typically have (more/less) purchasing power because the prices of goods and services increase (more/less) quickly than income.

More/more

More/less

Less/more

Less/less

Question 5 of 76

In the paragraph below, a statement contains two pairs of terms enclosed in parentheses. Determine which term in each pair correctly completes the statement. Then select the answer choice containing the two terms that you have chosen. Every employee benefit plan governed by the Employee Retirement Income Security Act (ERISA) must distribute a summary plan description (SPD) to participants within (90/120) days after the date on which the plan is adopted or made effective. Thereafter, if the plan is amended, a new SPD must be distributed every (5/10) years.

90/5

90/10

120/5

120/10

About the AHIP AHM-510 Certification Exam

About the Exam

The AHIP AHM-510 (Governance and Regulation) validates your knowledge and skills. Passing demonstrates proficiency and can boost your career prospects in the field.

How to Prepare

Work through all 76 practice questions across 16 pages. Focus on understanding the reasoning behind each answer rather than memorizing responses to be ready for any variation on the real exam.

Why Practice Exams?

Practice exams help you familiarize yourself with the question format, manage your time, and reduce anxiety on the test day. Our AHM-510 questions are regularly updated to reflect the latest exam objectives.