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Exam (elaborations)

CMOM-Practice Management Institute

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CMOM-Practice Management Institute

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  • October 9, 2024
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  • 2024/2025
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118 Multiple choice questions

Definition 1 of 118
a business is not required to provide accomodations to disabled individuals, this definition woulc
cause a significant difficulty or expense ex.
-nature and cost of accommodation
-size, type and financial resource
-type of operation

Concurrent Review


High overhead

Undue Hardship

Fee for Service

Term 2 of 118
Independent Practice Associates IPA

suggests at least some
-low patient volume
-excess expense
-overstaffing or inefficient staffing
-poor managed care contracts

a separate legal entity that can either organize physicians and contact on their behalf with
MCOs to provide services

the adult seeking treatment is responsible for the bill. The person bringing the child is still
responsible to you for payment, the patient can bill their estranged, but not responsibility
of the practice.

Information that is a subset of health information, including demographic, information
collected from an individual.

,Definition 3 of 118
An employee can be required to submit to an HIV test unless it is a bona fide occupational
requirement.

Low overhead


HIV+Employee

Income Statement


Indirect Expense

Definition 4 of 118
report indicating the financial situation for the next reporting period.

Automated Reviews RAC Audit

Average Cost per Patient

Average Net Charges per Patient


Projected Status (soft data)

Definition 5 of 118
ask for elaboration, typically a poor listener so summarize main points to make sure they heard
you and understood

Silent employees


Whistleblower

Formal Budget

Fixed Expense

,Term 6 of 118
Fair Labor Standards Act (FLSA)

working with outside consultants is vital. An up-to-date plan helps the owners/physicians
ascertain the current position of the practice, and hopefully where it is going in the future.

There are seven steps


requires employers to keep records on wages and hours worked.

this type of person may tend to be fickle and unreliable

Term 7 of 118
Accounts payable A/P

called overheard ratio. Total expenses/total collection


are directly related to a cost center

Total variable expenses per month or year/Total patients by month or year

bills that the practice owes to vendors

Definition 8 of 118
can be held directly accountable by federal or state authority for failure to comply with HIPAA
statutory or regulations. ex. IT techs, Janitors, Cleaning Services, Vendors, Collection agencies,
Consultants and Billing Services.

ICD-10 Major Changes

Income Statement


Automated Reviews RAC Audit

Business Associates

, Definition 9 of 118
normally seen as a "positive" indication it can indicate an underlying problem for the future
-inequitably high fees
-lack of proper patient management
-failure to deliver high quality medical care
-understaffing or low salary

Low overhead

Fee for Service

Recordkeeping

High overhead

Term 10 of 118
Polygraph Protection Act

requires employers to keep records on wages and hours worked.

makes it unlawful to discriminate on woman based on their pregnancy, childbirth or related
medical condition. Unlawful not to hire or promote if ability exists.


requires that a notice be posted where all employees can see the protections listed under
the act ex.
-To written notice prior to testing
-To refuse or discontinue the test
-Not to have disclosure of the results to unauthorized persons.

working with outside consultants is vital. An up-to-date plan helps the owners/physicians
ascertain the current position of the practice, and hopefully where it is going in the future.

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