Hfma 2025 - Study guides, Class notes & Summaries

HFMA: Healthcare Financial Management Association Exam Guide (2024 / 2025) with Verified Answers 1. revenue budget ~ Answer: lists forecasted and actual revenues of the organization 2. expense budget ~ Answer: outlines the anticipated and actual expenses for a responsibility center 3. What percent of operating expenses comes from medical claims when it comes to Health Plans? ~ Answer: 80% 4. cost center ~ Answer: Support area that usually do not generate revenues tend to insure indirect costs 5....

HFMA CRCR EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS

HFMA CRCR FINAL EXAM 2024/2025 QUESTIONS AND ANSWERS LATEST UPDATE

HFMA: Healthcare Financial Management Association Exam (2024 / 2025) Questions and Verified Answers 1. Which of the following options is an alternative to valid long-term payment plans? ~ Answer: Bank loans 2. What type of plan restricts benefits for nonemergency care to approved providers only? ~ Answer: A PPO (preferred provider organization) plan 3. What does scheduling allow provider staff to do? ~ Answer: Review the appropriateness of the service requested 4. When an adult patient is covere...

CSPR - Certified Specialist Payment Rep (HFMA) | Questions and Correct Answers | Latest Update 2024/2025 Steps used to control costs of managed care include: - Answer -Bundled codes Capitation Payer and Provider to agree on reasonable payment DRG is used to classify - Answer -Inpatient admissions for the purpose of reimbursing hospitals for each case in a given category w/a negotiated fixed fee, regardless of the actual costs incurred Identify the various types of private health plan...

CSBI HFMA EXAM WITH CORRECT ACTUAL QUESTIONS AND CORRECTLY WELL DEFINED ANSWERS LATEST 2024 – 2025 ALREADY GRADED A+

HFMA SET 1 | Questions and Correct Answers | Latest Update 2024/2025 Define Revenue Cycle - Answer -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. - Answer - Departments that contribute to the Revenue Cycle. 1. Access 2. Health information management/ Medical records 3. Case-management 4. Patient Care Services 5. Patient Financial Services What led the creation of...

HFMA Test 7: Contracts | Questions and Correct Answers | Latest Update 2024/2025 Purpose of Contracts - Answer -Purpose Contracts will be used to define terms between two or more parties for the provision of a service or product. In health care, contracts are used for: Health plan or payer agreements. Construction projects. Collection services. Maintenance on equipment. Leasing space. Employment of contracted staff, and a variety of other itemsFor a contract to be valid, individual m...

CSBI – HFMA | Questions and Correct Answers | Latest Update 2024/2025 What has changed for Healthcare Analytics? - Answer -1 - Increased computing power and storage, decrease in cost; 2 - increased abundance of data in healthcare; 3 - increase in individuals having strong competencies Big Data - Answer -Refers to the Growth in available data, massive continually increasing volume of live and stored data for analysis; and the increase in tools available for highly sophisticated ways to...

HFMA CRCR EXAM | PRACTICE QUESTIONS AND ANSWERS | GRADED AND RATED A+ | 2024/2025 GUIDE HFMA CRCR EXAM | PRACTICE QUESTIONS AND ANSWERS | GRADED AND RATED A+ | 2024/2025 GUIDE HFMA CRCR EXAM | PRACTICE QUESTIONS AND ANSWERS | GRADED AND RATED A+ | 2024/2025 GUIDE