CRCR 1 - Revenue Cycle Introduction - Quiz Combo 2024
with 100% correct answers
Terms in this set (43)
Which of the following statements are true The best practices were developed specifically to help patients understand the cost
of HFMS's Patient Financial of services, their individual insurance benefits, and their responsibility for balances
Communications Best Practices? after insurance if any.
3 multiple choice options
(Pre-Test 1)
Corporate compliance programs play an All of the above. 3 multiple choice options
important role in protecting the integrity of
operations and ensuring compliance with
federal and state requirements.
The Code of Conduct is:
(Pre-Test 1)
The patient experience includes all of the The average number of positive mentions received by the health system or practice
following except: and the public comments refuting unfriendly posts on social media sites.
3 multiple choice options
(Pre-Test 1)
Specific to Medicare fee-for-service Public health service programs, Federal grant programs, veteran affairs programs,
patients, which of the following payers black lung program services and work-related injuries and accidents (workers'
have always been liable for payment? compensation claims).
3 multiple choice options
(Pre-Test 1)
Provider policies and procedures should All of the above 3 multiple choice options
be in place to reduce the risk of ethics
violations.
Examples of ethics violations include:
(Pre-Test 1)
CRCR 1 - Revenue Cycle Introduction - Quiz Combo
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, 10/17/24, 9:41 AM
Providers are now being reimbursed with a To eliminate duplicate services, prevent medical errors and ensure appropriateness
focus on the value of the services of care.
provided, rather than volume, which
requires collaboration among providers.
What is the intended outcome of
collaborations made through an ACO 3 multiple choice options
delivery system for a population of
patients?
(Pre-Test 1)
Historically, revenue cycle has dealt with Explicit price concessions and implicit price concessions. 3 multiple choice options
contractual adjustments, bad debt and
charity deductions from gross revenue.
Although deductions continue to exist, the
definition of net revenue has been
modified through the implementation of
ASC 606. Developed by the Financial
Accounting Standards Board (FASB), this
change became effective in 2018.
What is the new terminology now
employed in the calculation of net patient
service revenues?
(Pre-Test 1)
Key performance indicators set standards Elapsed days from discharge to final bill and elapsed days from final bill to claim/bill
for A/R and provide a method for submission.
measuring the control an collection of A/R.
What are the two KPIs used to monitor
performance related to the production and
3 multiple choice options
submission of claims to third party payers
and patients (self-pay)?
(Pre-Test 1)
Consents are signed as part of the post- False 2 multiple choice options
service process.
(KC1.1)
Patient service costs are calculated in the True 2 multiple choice options
pre-service process for scheduled patients.
(KC1.1)
The patient is scheduled and registered for False 2 multiple choice options
service is a time-of-service activity.
(KC1.1)
The patient account is monitored for False 2 multiple choice options
payment is a time-of-service activity.
(KC1.1)
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