Healthcare Reimbursement Final Study Guide Questions with Verified Solutions
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Healthcare Reimbursement
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Healthcare Reimbursement
Healthcare Reimbursement Final Study
Guide Questions with Verified Solutions
How do Medicare and Medicaid influence healthcare reimbursement in the U.S.?
a. By limiting coverage options for patients
b. By providing fixed payment rates to healthcare providers
c. By establishing guidelines th...
healthcare reimbursement final study guide questio
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Healthcare Reimbursement Final Study
Guide Questions with Verified Solutions
How do Medicare and Medicaid influence healthcare reimbursement in the U.S.?
a. By limiting coverage options for patients
b. By providing fixed payment rates to healthcare providers
✔✔ c. By establishing guidelines that affect how services are billed and reimbursed
d. By promoting only private insurance plans
What coding system is primarily used for billing outpatient services?
a. ICD-10-PCS
✔✔ b. CPT (Current Procedural Terminology)
c. HCPCS Level II
d. NDC (National Drug Code)
How does the concept of "bundled payments" function?
✔✔ a. It involves a single payment for multiple services related to a specific treatment or
condition.
b. It allows for separate payments for each service provided.
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,c. It requires patients to pay upfront before receiving care.
d. It is only applicable to emergency services.
What role does the National Provider Identifier (NPI) play in healthcare reimbursement?
a. It determines patient eligibility for services.
✔✔ b. It uniquely identifies healthcare providers in billing and reimbursement processes.
c. It tracks patient health records across facilities.
d. It sets the rates for different medical services.
What is a common reason for claim denials in the reimbursement process?
a. Overbilling for services
✔✔ b. Lack of proper documentation to support medical necessity
c. Excessive patient complaints
d. High costs of the procedures performed
How does risk adjustment affect reimbursement rates?
a. It increases payments for low-risk patients.
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,✔✔ b. It compensates providers for taking care of higher-risk populations by adjusting payment
rates.
c. It eliminates payments for preventative care.
d. It standardizes payments across all patients, regardless of risk.
What is the primary focus of value-based reimbursement models?
✔✔ a. Improving patient outcomes and quality of care while controlling costs.
b. Increasing the number of services billed to patients.
c. Providing fixed payments regardless of service type.
d. Encouraging hospital readmissions for higher reimbursement.
How do healthcare providers benefit from accurate coding practices?
a. It leads to more patient complaints.
✔✔ b. It ensures appropriate reimbursement for services rendered and minimizes claim denials.
c. It increases the amount of paperwork required.
d. It reduces the need for audits.
What does the term "Medically Necessary" refer to in healthcare reimbursement?
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, ✔✔ a. Services that are appropriate and necessary for the diagnosis or treatment of a patient’s
condition.
b. Any service requested by a patient, regardless of its necessity.
c. Procedures that are always covered by insurance.
d. Optional services that can be performed at the patient's request.
What is the significance of the chargemaster in healthcare billing?
a. It is a list of all healthcare providers.
✔✔ b. It is a comprehensive list of prices for services offered by a facility, guiding billing and
reimbursement.
c. It tracks patient outcomes and satisfaction.
d. It serves as a marketing tool for hospitals.
How do social determinants of health impact reimbursement strategies?
a. They have no effect on reimbursement strategies.
✔✔ b. They influence reimbursement strategies by prompting payers to account for
socioeconomic factors affecting patient health outcomes.
c. They only affect preventive care services.
d. They are only relevant in rural healthcare settings.
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