PRACTICE FOR CPPM (CERTIFIED PROFESSIONAL PRACTICE MANAGER) EXAM QUESTIONS AND ANSWERS (GRADED A)
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Course
CPPM
Institution
CPPM
PRACTICE FOR CPPM (CERTIFIED PROFESSIONAL PRACTICE MANAGER) EXAM QUESTIONS AND ANSWERS (GRADED A)PRACTICE FOR CPPM (CERTIFIED PROFESSIONAL PRACTICE MANAGER) EXAM QUESTIONS AND ANSWERS (GRADED A)PRACTICE FOR CPPM (CERTIFIED PROFESSIONAL PRACTICE MANAGER) EXAM QUESTIONS AND ANSWERS (GRADED A)
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PRACTICE FOR CPPM (CERTIFIED
PROFESSIONAL PRACTICE MANAGER)
EXAM QUESTIONS AND ANSWERS
(GRADED A)
*Efficiency - ANSWER-Process & doing things right
*Effectiveness - ANSWER-Outcomes & doing the right thing
Accural Accounting - ANSWER-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 - ANSWER-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 - ANSWER-Lists all potential accounts for all financial information
(income, expenses, assets, liabilities, equities
Income Statement - ANSWER-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 - ANSWER-Snapshot of buisness' financial condition at specific time.
Includes values for assets, liabilities & stockholders equity
Cash Flow Statement - ANSWER-Financial statement used to maintain awareness of
funds (cash available) to support ongoing business operations
Break Even Point - ANSWER-Point where revenues for services minus all variable
expenses = the fixed expenses & add'l revenue will start creating a profit for the
business
OSHA - ANSWER-*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 - ANSWER-Review payor contracts = Toal
amount collected ./. total # pt visits
**Days in A/R formula - ANSWER-total A/R ./. (total charges ./. total days in A/R
(i.e. $558039 ./. ($700,00 ./. 60)
Medical Necessity - ANSWER-Most important criteria for E&M
Days in A/R - ANSWER-How long it takes to collect a charge. Good is less than 40 days
**Days in A/R forumula - ANSWER-Total A/R ./. Total charges ./. # of days for charges
Assests = - ANSWER-liabilities & equity
Assests - ANSWER-If assests are higher than liabilites, that's a good thing
Bad Deb Ratios - ANSWER-Total bad debt for period ./. total charges for period
Denials Report & Denials Rate - ANSWER-Total # of denials ./. total claims submitted
*LLC - ANSWER-Limited Liaiblity Company - unlimited owners & limit the am't of taxes
*Disaster Recovery Planning - ANSWER-Should include prevention, detection &
correction
*Pod - ANSWER-Has nurses, exam rooms & physicians offices all located in the same
area
*Quantitative Risk Analaysis - ANSWER-Measure of the probabilities of variouus
adverse events & the likely extent of the losses if a particular event occurs
EHR Date - ANSWER-1/1/2015 - Providers who have NOT implemented EHR will begin
to see a reduction in Medicare payment
Procedure Code Sets - ANSWER-ICD 9 CM Volume II (hospital input charges
HCPCS Level II
CPT
CPT & HCPCS Dates - ANSWER-1/1
ICD 9 Dates - ANSWER-10/1
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