Hfma test 1 - Study guides, Class notes & Summaries

CRCR Exam Prep Questions And Answers on Flashcard 2023 Update A+ HFMA - ANS-Healthcare Financial Management Association Revenue Cycle Overview: What are the 3 segments? - ANS-Pre-Service, Time of Service, Post-Service Scheduling is part of which segment of the Revenue Cycle? - ANS-Pre-service Patient-Centric Revenue Cycle - ANS-1) Engaged Consumer 2) Engaged Patient 3) Satisfied Customer Healthcare Dollars & Sense - ANS-1) Price Transparency 2) Patient Financial Communications ...

CRCR Test Review Questions and Answers | 2023 | 33 Q&As 1. Important revenue cycle activities in the pre-service stage include; ANS Obtain- ing or updating patient and guarantor information 2. In the pre-service stage, the cost of the scheduled service is identified and the patient's health plan and benefits are used to calculate; ANS The amount the patient may be expected to pay after insurance. 3. Demographic and health plan edit failures are identified and resolved within the Pa...

CRCR Exam Unit 1. Latest Review Test Q&A (A+) Net Days in AR - ANSWER:Measures how fast receivables are collected. It is a trending indicator of overall A/R performance & revenue cycle efficiency. A/R Aging - ANSWER:Reports divide the AR into 30, 60, 90, and 120 day categories, based on discharge. Credit Balances - Days Outstanding - ANSWER:The dollars in credit balance at the account level divided by the three month daily average of total net patient service revenue. Credit balance...

1 / 15 CRCR Certification Exam 2024 Questions and Answers (Verified Answers by Expert) 1. Overall aggregate payments made to a hospice are subject to a computed "cap amount" calculated by The Medicare Administrative Contractor (MAC) atthe end of the hospice cap period 2. Which of the following is required for participation in Medicaid Meet In-come and Assets Requirements 3. In choosing a setting for patient financial discussions, organizations should first and foremost Respect the ...

1 / 15 CRCR Certification Exam 2024 Questions and Answers (Verified Answers by Expert) 1. Overall aggregate payments made to a hospice are subject to a computed "cap amount" calculated by The Medicare Administrative Contractor (MAC) atthe end of the hospice cap period 2. Which of the following is required for participation in Medicaid Meet In-come and Assets Requirements 3. In choosing a setting for patient financial discussions, organizations should first and foremost Respect the ...

CRCR Exam Unit 1. Latest Review Test Q&A (A+) Net Days in AR - ANSWER:Measures how fast receivables are collected. It is a trending indicator of overall A/R performance & revenue cycle efficiency. A/R Aging - ANSWER:Reports divide the AR into 30, 60, 90, and 120 day categories, based on discharge. Credit Balances - Days Outstanding - ANSWER:The dollars in credit balance at the account level divided by the three month daily average of total net patient service revenue. Credit balance...

Study HFMA CRCR Exam Topics Flashcards Learn Test Match Term 1 / 12 Revenue Cycle Definition 1 / 12 All of the major processing steps required to process a patient account from the request for service through closing the account with a zero balance and purging it from the system. Profile Picture Created by Felix00139 Terms in this set (12) Original

HFMA CRCR Practice Exam (Questions And Answers)2023 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 service improvements might improve the patient a...

CRCR Review Questions with complete solutions, scored A+ 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 D) Process Compliance Approximately what ______% of billing information is obtained during the registration process (Patient Access). 40% What is the objective of the HCAHPS initiative? A) To conduct evaluations concerning p...

1. The 501(r) regulations require not-for-profit providers 501(c) (3) to do which of the following activities? A. Complete a community needs assessment and develop a discount program for patient balances after insurance payment. B. Pursue extraordinary collection activities with all patients eligible for financial assistance. C. Implement a financial assistance program for uninsured and underinsured patients. D. Discount all charges to self-pay patients to an amount generally billed to a...