HFMA CRCR CERTIFICATION EXAM QUESTIONS AND (VERIFIED ANSWERS) GRADED A+
10 views 0 purchase
Course
HFMA CRCR
Institution
HFMA CRCR
HFMA CRCR CERTIFICATION EXAM QUESTIONS
AND (VERIFIED ANSWERS) GRADED A+ Which of the following statements are true of HFMA's Patient Financial Communications Best
Practices?
- ANSWER-The best practices were developed specifically to help patients understand the cost
of services, their individu...
HFMA CRCR CERTIFICATION EXAM QUESTIONS
AND (VERIFIED ANSWERS) GRADED A+
Which of the following statements are true of HFMA's Patient Financial Communications Best
Practices?
- ANSWER-The best practices were developed specifically to help patients understand the cost
of services, their individual insurance benefits and their responsibility for balance after insurance
if any
The patient experience includes all of the following except: - ANSWER-The average number of
positive mentions received by the health system or practice and the public comments refuting
unfriendly posts on social media sites
Corporate compliance programs play an important role in protecting the integrity of operations
and ensuring compliance with federal and state requirements. The Code of Conduct is: -
ANSWER-A critical tool to ensure the compliance with the organization's compliance standards
and procedures, an essential and integral component of the organization's culture, fosters and
environment where concerns and questions may be raised without fear of retaliation or
retribution
Specific to Medicare fee-for-service patients, which of the following payers have always been
liable for payment? - ANSWER-Public health service programs, federal grant programs, VA
programs, black lung program services and workers comp claims
Provider policies and procedures should be in plan to reduce the risk of ethics violations.
Examples of ethics violations are: - ANSWER-Financial misconduct, overcharging and
miscoding claims, theft of property and falsifying records to boost reimbursement, financial
misconduct and applying policies in an inconsistent manner
What is the intended outcome of collaborations made through an ACO delivery system for a
population of patients? - ANSWER-To eliminate duplicate services, prevent medical errors and
ensure appropriateness of care
,What is the new terminology now employed in the calculation of net patient service revenues? -
ANSWER-Explicit price concessions and implicit price concessions
What are the two KPIs used to monitor performance related to the production and submission of
claims to third party payers and patients (self-pay)? - ANSWER-Elapsed days from discharge to
final bill and elapsed days from final bill to claim/bill submission
What are the three traditional steps of the Revenue Cycle? - ANSWER-Pre-service, time-of-
service and post-service
What are the steps during pre-service? - ANSWER-1. The patient is scheduled and pre-registered
for service
2. The encounter record is generated and the patient/guarantor information is obtained or updated
3. The requested service is screened for med necessity; insurance is verified and pre-auths
obtained
4. The cost is identified and insurance benefits are used to calculate the price of the services to
the patient
5. If the service is deemed not med necessary additional processing is done
6. The patient is notified of their financial responsibility including copay/deductible and their
eligibility for financial assistance is assessed
What happens for scheduled patients at the time of service? - ANSWER-1. Pre-registration
record is activated, consents are signed and copays/balances are collected
2. Positive patient identification is completed and an armband is given
3. Alternatively, scheduled patients can report to an express arrival desk
What happens for unscheduled patients at the time of service? - ANSWER-Comprehensive
registration and financial processing is completed at the time-of-service. The process mirrors the
work that was completed for scheduled patients prior to service
What are the nine steps of time-of-service processing for unscheduled patients? - ANSWER-1.
Creation of the registration record
,2. Order review to ensure compliance with the rules for what makes a complete order
3. Validation of the health plan and identification of any amount the patient is currently due
4. Completion of med necessity screening, if necessary
5. Review and completion of pre-cert requirements for the order
6. Identification of all charges related to the order and applied insurance benefits to calculate
amount due
7. If a balance is due, financial conversation occurs
8. If all is well, patient gets service
9. Charges are entered as services are rendered
What is the overview for the three steps of the revenue cycle? - ANSWER-1. Pre-service: the
patient is scheduled and registered for service; patient service costs are calculated
2. Time-of-service: case management and discharge planning services are provided; consents are
signed
3. Post-service: Bill sent electronically to health plan, patient account is monitored for payment
What are the goals of the engaged consumer portion of the rev cycle? - ANSWER-Ease of access,
improved customer service and improved quality of care
What are the goals of the engaged patient portion of the rev cycle? - ANSWER-Improve the
information and choices for the patient regarding care and financial decisions
What are the goals of the satisfied customer portion of the rev cycle? - ANSWER-Appropriate
payment, effective and efficient account resolution and decreased cost to collect
What are the Healthcare Dollar and Sense initiatives? - ANSWER-Patient financial
communication best practices, best practices for price transparency, medical account resolution.
Overall to help make sense of price and value in healthcare
What is the best practice for when and where to have patient financial discussions? - ANSWER-
1. No discussion before patient is screened and stabilized in the ER
, 2. If in an emergency medical condition, the conversation occurs in the discharge process
3. In a non-emergency situation, occurs in registration or discharge process in an area that does
not disturb others
4. When possible, have financial conversations before services are rendered
5. Have discussions as early as possible
What are the typical elements of the best practices of financial discussions? - ANSWER-In ED
settings, inform patients that quality of care will not be affected by prior balances or insurance
status. For elective services, patients are expected to make payments toward past balances. Once
patient is stabilized, information can be collected and reviewed for insurance benefits and
financial assistance programs.
What are the best practices for financial counseling? - ANSWER-1. Discussing patient share:
Patient should be provided list of providers that require separate payments and told that estimates
may vary from actual cost. Patients should be asked if they want info about payment/financial
assistance options
2. Prior balance policies: Clear policies about prior balances that should be available to the public
3. Balance resolution: Policies that work toward amicable resolution with the patient
What are the best practices for the provider/patient conversation? - ANSWER-Have compassion,
use standard language and have written follow-up
What is the framework for complying with the best practices for financial conversations? -
ANSWER- Annual training, training included well rounded material, annual
observation/tracking of process, metrics reporting, technology support verification and
feedback/response
What is price transparency? - ANSWER-Pricing information available to patients based on
hospital service based on CPT/DRG, the patient's health plan and the patient's benefit plan
What is the ACA? (not the affordable care act) - ANSWER-The Association of Credit and
Collections Professionals International
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 Hosmerit. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.19. You're not tied to anything after your purchase.
