Hfma healthcare dollars Study guides, Class notes & Summaries

HFMA CRCR EXAM LATEST EXAM 170+ QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS) Pre-Service activities 1. Requested service is screened for med necessity, health coverage/benefits verified, preauthorization obtained and estimate to patient oop costs generated within guidelines of NSA and state regulations. 2. Patient notified of financial responsibility including copayment and health plan deductibles, eligibility of financial assistance assessed. 3. Patient is scheduled 4. Encounte...

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 - Answer-D) Process Compliance Approximately what % of billing information is obtained during the registration process (Patient Access). - Answer-40% What is the objective of the HCAHPS initiative? A) To conduct evaluations concerning patients' ...

Certified Revenue Cycle Representative - CRCR (2024) Which of the following statements are true of HFMA's Financial Communications Best Practices - Answer ️️ -The best practices were developed specifically to help patients understand the cost of services, their individual insurance benefits, and their responsibility for balances after insurance, if any. The patient experience includes all of the following except: - Answer ️️ -The average number of positive mentions received by the...

CRCR Review Questions & Answers, Graded A+/ VERIFIED/ 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 patients'...

CRCR Review Questions and Answers 2024 Verified 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 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 patie...

Learning Objective 1/2: Discuss the components of the 3 HFMA revenue cycle initiatives collectively called Healthcare Dollars & Sense. - n/a Learning Objective 2/2: Summarize the best practices for each of the 3 Healthcare Dollars & Sense Initiatives. - n/a Healthcare Dollars & Sense is the name given to what 3 HFMA revenue cycle initiatives? - - Patient financial communications best practices - Best practices for price transparency - Medical account resolution What question ...

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 balances should be resolved timely and should be benchmarked...

CRCR Exam Prep Questions and Answers 100% Verified and Updated 2024 HFMA -Answer-Healthcare Financial Management Association Revenue Cycle Overview: What are the 3 segments? -Answer-Pre-Service, Time of Service, Post-Service Scheduling is part of which segment of the Revenue Cycle? -Answer-Pre-service Patient-Centric Revenue Cycle -Answer-1) Engaged Consumer 2) Engaged Patient 3) Satisfied Customer Healthcare Dollars & Sense -Answer-1) Price Transparency 2) Patient Financial Communicat...

HFMA - Certified Revenue Cycle Representative Learning Objective 1/2: Discuss the components of the 3 HFMA revenue cycle initiatives collectively called Healthcare Dollars & Sense. n/a Learning Objective 2/2: Summarize the best practices for each of the 3 Healthcare Dollars & Sense Initiatives. n/a Healthcare Dollars & Sense is the name given to what 3 HFMA revenue cycle initiatives? - Patient financial communications best practices - Best practices for price transparency - Medical acc...

Learning Objective 1/2: Discuss the components of the 3 HFMA revenue cycle initiatives collectively called Healthcare Dollars & Sense. - correct answer n/a Learning Objective 2/2: Summarize the best practices for each of the 3 Healthcare Dollars & Sense Initiatives. - correct answer n/a Healthcare Dollars & Sense is the name given to what 3 HFMA revenue cycle initiatives? - correct answer - Patient financial communications best practices - Best practices for price transparency - Medical ...