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MGMA CMPE Financial Management exam with complete solution 2024_2025.
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Which of the following is a valuable indicator of the efficiency and speed of your billing and collection activities? a. total accounts receivable b. days in accounts receivable c. overhead percentage d. bad debt ratio B. Which of the following applies to the Medicare Resources-Based Re...

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  • September 11, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • mgma cmpe financial management exam

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  • MGMA
  • MGMA

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MGMA CMPE Financial Management exam
with complete solution 2024/2025



Which of the following is a valuable indicator of the efficiency and speed of your
billing and collection activities?
a. total accounts receivable
b. days in accounts receivable
c. overhead percentage
d. bad debt ratio - ANSWER- B.

Which of the following applies to the Medicare Resources-Based Relative Value
Scale?
a. Supplementary medical insurance
b. Medicare as the secondary payer
c. Physician fee schedule under Medicare Part B
d. Prospective payment for inpatient care - ANSWER- C.

In planning cash reserves for a medical practice's annual operating budget, which
of the following should be done?
a. Have providers prepared for a capital call
b. Establish a working cash line with a lender
c. Avoid shortfalls by closely monitoring cash flow
d. Budget at least 30 days' cash on hand - ANSWER- D.

What indicator providers evidence of an organization's ability to pay its bills in
the near term?
a. The debt-to-equity ratio
b. Days in accounts receivable
c. Total stockholder equity
d. The current ratio - ANSWER- D.

Which data set would NOT be needed to prepare a revenue budget?
a. Conversion rate
b. Payer mix

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