Cmom module 3 - Study guides, Class notes & Summaries

CMOM Module 3 Test Questions with Answers Considerations for forecasting revenue for new services - Answer--number of projected new services for the year -fee schedule for individual services Forecasted Revenue - Answer-(# of new services) x (fee schedule) Fixed Costs - Answer-expenditures that do not change in the short term Variable Costs - Answer-expenditures that will change according to how many times the service is performed Cost Factors for medical office - Answer--administr...

CMOM Module 3 Exam | Questions And Answers Latest {} A+ Graded | 100% Verified

Gross Collection Ratio - (Total Collections) / (gross charges) Average Months in A/R - (Total A/R for the past month) / (average monthly billing for the past 12 months) Total Expenses Per patient - (Total Expense) / (Total Number of patients) Average Billing per Patient - (Total billing per month or year) / (total number of patients by month or year) Average Net Collections Per Patient - (total net collections per month or year) / (Total number of patients by month or year)

CMOM Module 3| with Questions & Correct Verified Answers

Practice Management Institute Question and answers already passed 2024/2025 Practice Management Institute-CMOM- Module 1 Critical areas of the practice (3) - correct answer Patient Care, Revenue enhancement, Cost containment Important vs. Urgent - correct answer Important eventually becomes urgent. So strategy is to act on the important before it becomes urgent. Important things fall under 7 key activities - correct answer 1. Improving communications with people. 2. Better prep...

CMOM Certification Study Set Module 4 Questions and Answers Medicare Incentive Reward Program (IRP) - Answer-established to pay an incentive reward to individuals who provide information on Medicare fraud and abuse or other sanctionable activities Medicare Contract Statutory Obligations - Answer-Services must be furnished (1) economically and only when and to the extent (2) medically necessary; of a (3) quality that meets professionally recognized standards of health care; and (4) supported ...

PMI CMOM Module 4 Questions with Answers Health Care/Health Care Provider - Answer-Care, services or supplies related to health of individual. Preventative, diagnostic, therapeutic, rehabilitative or palliative care and counseling, service, assessment or procedure. Dispensing of prescriptions. Provider of medical or health services, and any person or organization who furnishes, bills or is paid for health care Heath Information - Answer-Any information oral or recorded in any form or med...

CMOM Module 5 Questions with Answers MCO Coordinator functions - Answer-1) Patient training and education 2)HMO intermediary 3)Hospitalization approvals and discharge planning 4) coordinating referrals 5)patient satisfaction surveys 6)coordinating with physician in utilization review committee 7)coordinating quality assurance data needed by MCO or other regulatory agency Utilization review committee - Answer-should be used to review all cases which may need to be referred to a speciali...

Practice Management Institute-CMOM- Module 1 (Latest) Questions With Complete Solutions.

Practice Management Institute-CMOM- Module 1 Test With All Correct Answers