CPPM EXAM QUESTIONS AND
ANSWERS 100% CORRECT
Appointment Scheduling
Registration
Charge Capture
Billing
Denial Management
AR follow-up - ANSWER-Revenue cycle process
AR (accounts receivable) - ANSWER-The total charges entered that have not been
collected.
Formula to identify days in AR - ANSWER-Total AR (divided by)
Total Charges/# of days for charges
Income
Expenses
Assets
Liabilities
Equity - ANSWER-Most common account types in a medical office.
Recognizes revenue only when cash is collected and recognizes expenses only when
cash is paid - ANSWER-Cash-based accounting method
Recognizes revenue when earned and expenses when incurred - ANSWER-Accrual-
based accounting method
Total of charges entered for services prior to contractual or other adjustments. -
ANSWER-Gross revenue
total of collections that is actually coming into the clinic after applying contractual
adjustments or write-offs to the gross revenue number. - ANSWER-Net revenue
collections
Comparison of two financial figures - ANSWER-Ratio
All money that is owed to someone else - ANSWER-accounts payable.
All money that is owed to the practice - ANSWER-Accounts receivable
Accounting attempts to apply cost to each activity providing an accurate measure of
cost and benefit. - ANSWER-Activity Based costing (ABC)
, A snapshot of a business's financial condition at a specific point in time. - ANSWER-
Balance Sheet
Is a quality cycle and a quality improvement method that systematically affects a
process or system. - ANSWER-Plan-Do-Check-Act
To achieve the highest scores for the MIPS Quality component, what must a provider or
group report? - ANSWER-The provider or group will need to report at least 6 measures
including at least 1 outcome measure or high priority measure.
During which phase of Plan, Do, Check and Act will it be necessary for the staff to
discuss the success of a new process and potential issues? - ANSWER-Check
What act is a part of the ARRA and includes an incentive payment program? -
ANSWER-HITECH
A summary of a practices profit or loss during any given period, such as one month, one
quarter, or one year. - ANSWER-Income statment
When reviewing payer contracts, how is the
RPV (Revenue per Visit) Calculated? - ANSWER-Total collected $ for all Services
_______________________________________________
Number of Patient visits = RPV
composed of work value unit (wRVU) + practice expense value unit (pRVU) +
malpractice expense value unit (mRVU) - ANSWER-RVU (Relative Value Units)
the service revenue less total variable costs that equals the fixed cost of providing the
service (including annualized allocation of investment cost) - ANSWER-Break even
point
Fixed cost +Annual equipment cost
__________________________________________________
Revenue per unit- Variable cost per unit - ANSWER-Break even point
Simplest and cheapest way to start a new practice. Treated as a single entity for tax
purposes - ANSWER-Sole Proprietorship
The most formal business coporations with the abilities to offer stock with or without
voting rights and to have as many shareholders as desired but are taxed on on net
income - ANSWER-C corporations
Can sell stock but are limited as to the number of shareholders they can have. The
major benefit is is the net income is not taxed but flows through the physicians' personal
income tax return - ANSWER-S corporations
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