Hfma set 1 - Study guides, Class notes & Summaries

2024 HFMA CRCR Set Complete Questions & Answers (Solved) 100% Correct 1. Define Revenue Cycle Answer: REVENUE CYCLE ----- is the series of events and services provided prior to, during, and after the course of treatment 2. Departments that contribute to the Revenue Cycle. Answer: Departments that con- tribute to the Revenue Cycle. 1. Access 2. Health information management/ Medical records 3. Case-management 4. Patient Care Services 5. Patient Financial Services 3. What led the cr...

HFMA CHFP MODULE 1 Business of Healthcare COMPLETE EXAM 2024 with Verified Answers Graded A+. 1. A hospital is planning to expand its services by adding a new wing with 50 beds and a state-of-the-art diagnostic center. The hospital has conducted a market analysis and projected the demand and revenue for the new services. The hospital also has estimated the capital and operating costs of the expansion project. What is the next step in the financial strategic planning process for the hospita...

CRCR Review Questions with complete solutions. Which option is NOT a main HFMA Healthcare Dollars and Sense revenue cycle initiative? A) Patient Financial Communications B) Medical Account Resolution C) Price Transparency D) Process Compliance - correct answer. D) Process Compliance Approximately what ______% of billing information is obtained during the registration process (Patient Access). - correct answer. 40% What is the objective of the HCAHPS initiative?...

HFMA CRCR REVIEW QUESTIONS WITH CORRECT ANSWERS Which option is NOT a main HFMA Healthcare Dollars and Sense revenue cycle initiative? A) Patient Financial Communications B) Medical Account Resolution C) Price Transparency D) Process Compliance - CORRECT ANSWER-D) Process Compliance Approximately what ______% of billing information is obtained during the registration process (Patient Access). - CORRECT ANSWER-40% What is the objective of the HCAHPS initiative? A) To conduct evalua...

HFMA CRCR FINAL EXAM QUESTIONS WITH ALL CORRECT ANSWERS Define Revenue Cycle - CORRECT ANSWERS REVENUE CYCLE ----- is the series of events and services provided prior to, during, and after the course of treatment Departments that contribute to the Revenue Cycle. - CORRECT ANSWERS Departments that contribute to the Revenue Cycle. 1. Access 2. Health information management/ Medical records 3. Case-management 4. Patient Care Services 5. ...

1.2 Healthcare Dollars and Sense Questions and Answers 2023 What are the 3 HFMA initiative in Healthcare Dollars and Sense (HD&S)? Purpose of HD&S? Method of HD&S? What is HFMA's adopter program? (1) Price transparency (2) Patient financial communication/discussion (PFC/PFD) best practices (3) Medical account resolution (back end) PURPOSE: aims to make sense of price and value in healthcare (because patients, consumers, employers, insurers, and public officials want to understand an...

HFMA CRCR EXAM LATEST EXAM 170+ QUESTIONS WITH 100%VERIFIED ANSWERS ALREADY PASSED!!!A+GRADED What are collection agency fees based on? - correct answer...A percentage of dollars collected Self-funded benefit plans may choose to coordinate benefits using the gender rule or what other rule? - correct answer...Birthday In what type of payment methodology is a lump sum or bundled payment negotiated between the payer and some or all providers? - correct answer...Case rates What customer ...

HFMA test 4 Questions Answered 100% correct, updated latest 2023 Strategic Planning Process includes: Strategic Planning Process includes: Identifying the organization's current position, including its mission, vision, and long-term goals. Conducting an internal and external assessment and comparing the organization's condition against those findings. This is often called a SWOT analysis. Define environmental Assessment An environmental assessment is an examination of what's hap...

CRCR Exam 2023 1. Which of the following statements are true of HFMA's Patient Financial Communications Best Practices? ANS The best practices were developed specifi- cally to help patients understand the cost of services, their individual insurance benefits, and their responsibility for balances after insurance, if any. 2. The patient experience includes all of the following except ANS Recognition that revenue cycle processes must be patient-centric and efficient. This is espe- cially tr...