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CSPR - Certified Specialist Payment Rep (HFMA) Exam Practice Questions and Answers $12.49   Add to cart

Exam (elaborations)

CSPR - Certified Specialist Payment Rep (HFMA) Exam Practice Questions and Answers

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  • 2024/2025
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  • 2024/2025

CSPR - Certified Specialist Payment Rep (HFMA) Exam Practice Questions and Answers Steps used to control costs of managed care include: - ANSWER-Bundled codes Capitation Payer and Provider to agree on reasonable payment DRG is used to classify - ANSWER-Inpatient admissions for the purpose of ...

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  • October 30, 2024
  • 38
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • 2024/2025
  • 2024/2025
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FIRST PUBLISH OCTOBER 2024




CSPR - Certified Specialist Payment Rep

(HFMA) Exam Practice Questions and

Answers


Steps used to control costs of managed care include: - ANSWER✔✔-Bundled codes


Capitation


Payer and Provider to agree on reasonable payment


DRG is used to classify - 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 - 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.




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, ©EMILLECT 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




Managed care organizations (MCO) exist primarily in four forms: - 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: - 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 - ANSWER✔✔-Demographics


Chronic Conditions


Provider payment systems - Provider payment systems that are designed to reward volume rather than

quality, outcomes, and prevention

Page 2/38

, ©EMILLECT 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




Consumer Perceptions


Health Plan pressure


Physician Relationships


Supply Chain


Health Maintenance Organizations (HMO) - 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: - 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




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, ©EMILLECT 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




HMO Act of 1973 - 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? - 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: - 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? -

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? - ANSWER✔✔-A

transition toward new models of health care delivery with corresponding changes system financing and

provider reimbursement.


Which statement is false concerning ABNs? - ANSWER✔✔-ABN began establishing new requirements for

managed care plans participating in the Medicare program.



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