100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
CSPR - Certified Specialist Payment Rep (HFMA) UPDATED Actual Exam Questions and CORRECT Answers $9.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. CSPR - Certified Specialist Payment
  4.  
  5. CSPR - Certified Specialist Payment

Exam (elaborations)

CSPR - Certified Specialist Payment Rep (HFMA) UPDATED Actual Exam Questions and CORRECT Answers
 0 purchase
  • Course
  • CSPR - Certified Specialist Payment
  • Institution
  • CSPR - Certified Specialist Payment

CSPR - Certified Specialist Payment Rep (HFMA) UPDATED Actual Exam Questions and CORRECT Answers Steps used to control costs of managed care include: - CORRECT ANSWER- Bundled codes Capitation Payer and Provider to agree on reasonable payment DRG is used to classify - CORRECT ANSWER- Inp...

[Show more]

Preview 3 out of 24  pages

Document information

  • September 26, 2024
  • 24
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • cspr
  • hfma
  • cspr certified specialist payment rep hfma
  • cspr certified specialist payment rep

Written for

  • CSPR - Certified Specialist Payment
  • CSPR - Certified Specialist Payment

Seller

avatar-seller
MGRADES

Reviews received

Content preview

CSPR - Certified Specialist Payment Rep
(HFMA) UPDATED Actual Exam
Questions and CORRECT Answers
Steps used to control costs of managed care include: - CORRECT ANSWER- ✔✔Bundled
codes
Capitation
Payer and Provider to agree on reasonable payment


DRG is used to classify - CORRECT ANSWER- ✔✔Inpatient admissions for the purpose of
reimbursing hospitals for each case in a given category w/a negotiated fixed fee, regardless of
the actual costs incurred


Identify the various types of private health plan coverage - CORRECT ANSWER- ✔✔HMO
Conventional
PPO and POS
HDHP/SO plans - high-deductible health plans with a savings option; Private - Include higher
patient out-of-pocket expenditures for treatments that can serve to reduce utilization/costs.


Managed care organizations (MCO) exist primarily in four forms: - CORRECT ANSWER-
✔✔Health Maintenance Organizations (HMO)
Preferred Provider Organizations (PPO)
Point of Service (POS) Organizations
Exclusive Provider Organizations (EPO)


Identify the various types of government‐sponsored health coverage: - CORRECT
ANSWER- ✔✔Medicare - Government; Beneficiaries enrolled in such plans, but,
participation in these
plans is voluntary.
Medicaid
Medicaid Managed Care - Medicaid beneficiaries are required to select and enroll in a
managed care plan.

,Medicare Managed Care (a.k.a. Medicare Advantage Plans)


Identify some key drivers of increasing healthcare costs - CORRECT ANSWER-
✔✔Demographics
Chronic Conditions
Provider payment systems - Provider payment systems that are designed to reward volume
rather than quality, outcomes, and prevention
Consumer Perceptions
Health Plan pressure
Physician Relationships
Supply Chain


Health Maintenance Organizations (HMO) - CORRECT ANSWER- ✔✔Referrals
PCP
Patients must use an in-network provider for their services to be covered.
Reimbursement - majority of services offered are reimbursed through capitation payments
(PMPM)


Medicare is composed of four parts: - CORRECT ANSWER- ✔✔Part A - provides
inpatient/hospital, hospice, and skilled nursing coverage
Part B - provides outpatient/medical coverage
Part C - an alternative way to receive your Medicare benefits (known as Medicare
Advantage)
Part D - prescription drug coverage


HMO Act of 1973 - CORRECT ANSWER- ✔✔The HMO Act of 1973 gave federally
qualified HMOs the right to mandate that employers offer their product to their employees
under certain conditions. Mandating an employer meant that employers who had 25 or more
employees and were for‐profit companies were required to make a dual choice available to
their employees.

, Which of the following statements regarding employer-based health insurance in the United
States is true? - CORRECT ANSWER- ✔✔The real advent of employer-based insurance
came through Blue Cross, which was started by hospital associations during the Depression.


The Health Maintenance Organization (HMO) Act of 1973 gave qualified HMOs the right to
"mandate" an employer under certain conditions, meaning employers: - CORRECT
ANSWER- ✔✔Would have to offer HMO plans along side traditional fee-for-service medical
plans.


Which of the following is an anticipated change in the relationships between consumers and
providers? - CORRECT ANSWER- ✔✔Providers will face many new service demands and
consumers will have virtually unfettered access to those services


What transition began as a result of the March 2010 healthcare reform legislation? -
CORRECT ANSWER- ✔✔A transition toward new models of health care delivery with
corresponding changes system financing and provider reimbursement.


Which statement is false concerning ABNs? - CORRECT ANSWER- ✔✔ABN began
establishing new requirements for managed care plans participating in the Medicare program.


Which Statement is TRUE concerning ABNs? - CORRECT ANSWER- ✔✔-ABNs are not
required for services that are never covered by Medicare.
-An ABN form notifies the patient before he or she receives the service that it may not be
covered by Medicare and that he or she will need to pay out of pocket.
-Although ABNs can have significant financial implications for the physician, they also
serve an important fraud and abuse compliance function.


What is the overall function of Medicaid? - CORRECT ANSWER- ✔✔The pay for medical
assistance for certain individuals and low-income families


Medical Cost Ratio (MCR) or Medical Loss Ratio (MLR) is defined as: - CORRECT
ANSWER- ✔✔Total Medical Expenses divided by Total Premiums

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller MGRADES. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

63950 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling

Recently viewed by you

Exam (elaborations) ·

(0)

NJ PSI Property and Casualty Exam 2024 Questions and Verified Answers (2024 / 2025) 100% Guarantee Pass

Exam (elaborations) ·

(0)

NUR NU300/3816-a Nutrition Test Questions and answers Chapter 1-2022 WITH 164 Q&A 5 STARS RATING

Exam (elaborations) ·

(0)

NJ DMV Knowledge Test - Top 150 Questions with 100% Correct Answers | Verified | Latest Update 2024

Summary ·

(0)

Comprehensive Urinary/Renal System Study Notes: A Detailed Guide on Anatomy, Physiology, and Pathology

Package deal ·

(0)

MKT 315 Full Course of Discussions, Assignments, Quiz, Midterm and Final Exam (Bundle) (well explained)

Exam (elaborations) ·

(0)

WIAA Referee: 2024-2025 Basketball Exam Part 1 Questions and Verified Answers (2023/ 2024) 100% Correct

Package deal ·

(0)

Boc serology immunology Compilled Study Guides Solved Correctly By Experts (20242025) Package Deal !!

Exam (elaborations) ·

(0)

NURS 660 SUM 2023 Exam 1- Abnl pathways and related anatomy of schizophrenia ( With complete solution)

Exam (elaborations) ·

(0)

| LATEST EXAM UPDATES| 2024/25 |ODYSSEY PART 2 TEST REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, VERIFIED.
$9.99
  • (0)
Add to cart
Added