CRCR Exam with Comprehensive Answers

835 Record - Answer-A standard electronic message between a health plan and provider sending remittance data on a claim to the provider. 837 Record - Answer-A standard electronic message between a provider and health plan sending data on a claim to the health plan. AAR - Answer-After-hours activity report ABN - Answer-Advanced Beneficiary Notice ACC - Answer-ambulatory care center Access - Answer-The ability to receive hospital, physician or other medical services without regard to an individuals ability to pay. Accountable Care Organization (ACO) - Answer-A coordinated group of healthcare providers (including physicians, hospitals, and other types of providers) organized to improve quality and lower the cost of care to a defined group of patients. Accounting Identity - Answer-Also known as the accounting equation; assets = liabilities + equity. Accounts Payable - Answer-A current liability where funds are owed to suppliers. Accounts Payable Distribution - Answer-An account computer system report that details the amounts paid to vendors by date, purchase order, and expense classification. Accounts receivable (A/R) - Answer-Money owed to an organization for goods or services furnished. A/R Collection Period - Answer-Number of days in the accounting period divided by accounts receivable turnover. This ratio tells you the average time it takes to collect amounts due. A/R Turnover - Answer-Services rendered on credit during the period divided by the A/R balance. This ratio tells you how many times you collect your AR in a given cycle. Accounts Receivable Aging - Answer-A report that summarizes accounts receivable from different sources (such as Medicare or commercial insurance) by thirty day increments.