CRCR EXAM 151 Questions with Answers 2023,100% CORRECT
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Course
CRCR
Institution
CRCR
CRCR EXAM 151 Questions with Answers 2023
835 Record - CORRECT ANSWERSA standard electronic message between a health plan and provider sending remittance data on a claim to the provider.
837 Record - CORRECT ANSWERSA standard electronic message between a provider and health plan sending dat...
835 Record - CORRECT ANSWERSA standard electronic message between a health
plan and provider sending remittance data on a claim to the provider.
837 Record - CORRECT ANSWERSA standard electronic message between a
provider and health plan sending data on a claim to the health plan.
AAR - CORRECT ANSWERSAfter-hours activity report
ABN - CORRECT ANSWERSAdvanced Beneficiary Notice
ACC - CORRECT ANSWERSambulatory care center
Access - CORRECT ANSWERSThe ability to receive hospital, physician or other
medical services without regard to an individuals ability to pay.
Accountable Care Organization (ACO) - CORRECT ANSWERSA coordinated group
of healthcare providers (including physicians, hospitals, and other types of
providers) organized to improve quality and lower the cost of care to a defined
group of patients.
Accounting Identity - CORRECT ANSWERSAlso known as the accounting equation;
assets = liabilities + equity.
Accounts Payable - CORRECT ANSWERSA current liability where funds are owed to
suppliers.
Accounts Payable Distribution - CORRECT ANSWERSAn account computer system
report that details the amounts paid to vendors by date, purchase order, and
expense classification.
Accounts receivable (A/R) - CORRECT ANSWERSMoney owed to an organization
for goods or services furnished.
, A/R Collection Period - CORRECT ANSWERSNumber of days in the accounting
period divided by accounts receivable turnover. This ratio tells you the average
time it takes to collect amounts due.
A/R Turnover - CORRECT ANSWERSServices rendered on credit during the period
divided by the A/R balance. This ratio tells you how many times you collect your
AR in a given cycle.
Accounts Receivable Aging - CORRECT ANSWERSA report that summarizes
accounts receivable from different sources (such as Medicare or commercial
insurance) by thirty day increments.
Accreditation - CORRECT ANSWERSFormal process by which an agency or
organization evaluates and recognizes a program as meeting certain
predetermined criteria or standards. A formal process for certifying that providers
and health plans meet predetermined standards.
Accredited Standards Committee X12 (ASC X12) - CORRECT ANSWERSA committee
of the American National Standards Institute (ANSI) responsible for the
development and maintenance of electronic data interchange (EDI) standards for
many industries. The ASC 'X12N' is the subcommittee of ASC X12 responsible for
the EDI health insurance administrative transactions such as 837 Institutional
Health Care Claim and 835 Professional Health Care Claim forms
Accrual - CORRECT ANSWERSAn expense or a revenue that occurs before the
business pays or receives cash. An accrual is the opposite of a deferral.
Accrual Basis Accounting - CORRECT ANSWERSThe method of accounting that
recognizes revenue when it is earned and matches expenses to the revenues they
helped produce
Accrued Payroll and Benefits - CORRECT ANSWERSAn estimate of salaries and
associated benefit costs (such as payroll tax matching) earned by employees but
not yet paid by the employer.
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