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Practice for CPPM Exam Questions With Verified Responses 2024
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Practice for CPPM Exam Questions With Verified Responses 2024
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Practice for CPPM Exam Questions WithVerified Responses 2024
*Efficiency CORRECT ANSWERS Process & doing things right
*Effectiveness CORRECT ANSWERS Outcomes & doing the right thing
Accural Accounting CORRECT ANSWERS Records revenues when they are earned & expenses when they have been accrued. Provides a more accurate reflection of your current financial situation
Cash Based Accounting CORRECT ANSWERS Recognizes revenue only when cash is
collected & expenses when cash is paid. Provides a truer reflection of actual cash on hand & requires less reconciliation
Chart of Accounts CORRECT ANSWERS Lists all potential accounts for all financial information (income, expenses, assets, liabilities, equities
Income Statement CORRECT ANSWERS Records all revenues & expenses associated
with the business for a specified time. Summary of a company's profit or loss during a given period
Balance Sheet CORRECT ANSWERS Snapshot of buisness' financial condition at specific time. Includes values for assets, liabilities & stockholders equity
Cash Flow Statement CORRECT ANSWERS Financial statement used to maintain awareness of funds (cash available) to support ongoing business operations
Break Even Point CORRECT ANSWERS Point where revenues for services minus all variable expenses = the fixed expenses & add'l revenue will start creating a profit for the
business
OSHA CORRECT ANSWERS *Procedures for reporting a file
* Evacuatin procedures during emergency
*fire extinguisher locations
* Emergency contacts & info
* Designated meeting location
* Staff assignments & responses
**Revenue Per Visit (RPV) Calculated CORRECT ANSWERS Review payor contracts =
Toal amount collected ./. total # pt visits
**Days in A/R formula CORRECT ANSWERS total A/R ./. (total charges ./. total days in A/R (i.e. $558039 ./. ($700,00 ./. 60)
Medical Necessity CORRECT ANSWERS Most important criteria for E&M
Days in A/R CORRECT ANSWERS How long it takes to collect a charge. Good is less than 40 days
**Days in A/R forumula CORRECT ANSWERS Total A/R ./. Total charges ./. # of days for charges
Assests = CORRECT ANSWERS liabilities & equity
Assests CORRECT ANSWERS If assests are higher than liabilites, that's a good thing
**Net Collection Rate CORRECT ANSWERS Total Receipts - Refunds ./. Total Charges
- Contractual Adj
Bad Deb Ratios CORRECT ANSWERS Total bad debt for period ./. total charges for period
Denials Report & Denials Rate CORRECT ANSWERS Total # of denials ./. total claims submitted
*LLC CORRECT ANSWERS Limited Liaiblity Company - unlimited owners & limit the am't of taxes
*Disaster Recovery Planning CORRECT ANSWERS Should include prevention, detection & correction
*Pod CORRECT ANSWERS Has nurses, exam rooms & physicians offices all located in the same area
*Quantitative Risk Analaysis CORRECT ANSWERS Measure of the probabilities of variouus adverse events & the likely extent of the losses if a particular event occurs
EHR Date CORRECT ANSWERS 1/1/2015 - Providers who have NOT implemented EHR will begin to see a reduction in Medicare payment
Procedure Code Sets CORRECT ANSWERS ICD 9 CM Volume II (hospital input charges
HCPCS Level II
CPT
CPT & HCPCS Dates CORRECT ANSWERS 1/1
ICD 9 Dates CORRECT ANSWERS 10/1
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