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BUNDLE OF HFMA TEST EXAM GRADED A+

Exam (elaborations) HFMA Test 7: Contracts Questions and Answers 2023 Exam (elaborations) HFMA 2 Questions Answered 100% Correct 2023 Exam (elaborations) CSPR - Certified Specialist Payment Rep (HFMA) Questions and Answers 2023 Exam (elaborations) HFMA test 4 Questions Answered 100% correct,...

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HFMA Questions Answered 100% correct, Scored A+

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HFMA Questions Answered 100% correct, Scored A+ Definition of cost Can be the amount paid for the service. It can also be the amount paid for salaries or to other vendors Direct Cost Are the costs that can be traced directly to a department, product, or service (Salaries, Employee benefits...

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CRCR Test Review Questions and Answers 2023

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CRCR Test Review Questions and Answers 2023 Important revenue cycle activities in the pre-service stage include; Obtaining or updating patient and guarantor information In the pre-service stage, the cost of the scheduled service is identified and the patient's health plan and benefits are ...

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H F M A QUESTIONS AND ANSWERS, GRADED A+

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H F M A QUESTIONS AND ANSWERS, GRADED A+ Why is cost accounting so important in health care? Though costs have such a minor role in deermining prices, cost accounting is very important in a healthcare organization. Because reimbursment is predetermined, managment must focus primarily on finding wa...

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HFMA QUESTIONS ANSWERED 100% CORRECT 2023

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HFMA QUESTIONS ANSWERED 100% CORRECT 2023 Insurers, regulators, and suppliers are Participants in the delivery of medical care that are no directly involved in treatment Purchasing healthcare is a process best described as The purchaser is likely to contract with a third party to pay for s...

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HFMA QUESTIONS WITH COMPLETE SOLUTIONS 2023

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HFMA QUESTIONS WITH COMPLETE SOLUTIONS 2023 Pre Service, Time of Service, Post Service What are the 3 critical segments in the revenue cycle? Pre Service Scheduling pre access data collection What is done at time of service (clinical) Orders entered, results reported, DX and CPT co...

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HFMA Study Guide Questions and Answers 2023

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HFMA Study Guide Questions and Answers 2023 Through what document does a hospital establish compliance standards? Code of Conduct What is the purpose of the OIG work plan? Communicate issues that will be reviewed during the year for compliance with Medicare regulations If a Medicare...

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CSBI – HFMA QUESTIONS ANSWERED 100% CORRECT, SCORED A+

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CSBI – HFMA QUESTIONS ANSWERED 100% CORRECT, SCORED A+ What has changed for Healthcare Analytics? 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 Refers to the Gr...

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HFMA - Certified Revenue Cycle Representative Questions Answered 100% correct

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HFMA - Certified Revenue Cycle Representative Questions Answered 100% correct 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 Hea...

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HFMA - Certified Revenue Cycle Representative Questions Answered 100% correct

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HFMA - Certified Revenue Cycle Representative Questions Answered 100% correct 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 Hea...

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HFMA CRCR QUESTIONS AND ANSWERS 2023

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HFMA CRCR QUESTIONS AND ANSWERS 2023 Through what document does a hospital establish compliance standards? code of conduct What is the purpose OIG work plant? Identify Acceptable compliance programs in various provider setting If a Medicare patient is admitted on Friday, what servic...

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HFMA SET 1 Questions and Answers 100% correct

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HFMA SET 1 Questions and Answers 100% correct Define Revenue Cycle 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. Departments that contribute to the Revenue Cycle. ...

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HFMA CRCR Exam Topics Questions and Answers 2023

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HFMA CRCR Exam Topics Questions and Answers 2023 Revenue Cycle 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. Pre-Service 1. Patient is scheduled and regist...

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HFMA terms Questions and Answers 2023

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HFMA terms Questions and Answers 2023 provider - general A party rendering medical care such as a physician or hopsital facilities provider Includes hospitals, skilled nursing facilities, assisted living facilities, home health agencies, and ambulatory centers professional provider ...

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CRCR Multiple Choice Questions and Answers, Graded A+

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CRCR Multiple Choice Questions and Answers, Graded A+ The disadvantages of outsourcing include all of the following EXCEPT: a) The impact of customer service or patient relations b) The impact of loss of direct control of accounts receivable services c) Increased costs due to vendor ineffectiven...

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CSAF Questions and Answers 2023

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CSAF Questions and Answers 2023 Why is Cost Accounting Important? Because reimbursement is predetermined, management must focus primarily on finding way to manage costs, so cost accounting is critical. Cost information is useful to a variety of key decision-makers in a healthcare organization. ...

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CRCR Questions and Answers 100% accurate

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CRCR Questions and Answers 100% accurate Which of the following statements are true of HFMA's Patient Financial Communications Best Practices? The best practices were developed specifically to help patients understand the cost of services, their individual insurance benefits, and their responsib...

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CRCR Review Questions with complete solutions, scored A+

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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 Approximate...

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CRCR Certification Questions and Answers, updated latest 2023|scored A+

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CRCR Certification Questions and Answers, updated latest 2023|scored A+ Overall aggregate payments made to a hospice are subject to a computed "cap amount" calculated by The Medicare Administrative Contractor (MAC) at the end of the hospice cap period Which of the following is required fo...

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CRCR 2023 Questions Answered 100% Correct

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CRCR 2023 Questions Answered 100% Correct Consents are signed as part of the post service process. (True or Flase) False Patient service costs are calculated in the pre-service process for scheduled patients.(True or False) True The patient is scheduled and registered for service is...

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1.2 Healthcare Dollars and Sense Questions and Answers 2023

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1.2 Healthcare Dollars and Sense Questions and Answers 2023 What are the 3 HFMA initiative in Healthcare Dollars and Sense (HD&S)? Purpose of HD&S? Method of HD&S? What is HFMA's adopter program? (1) Price transparency (2) Patient financial communication/discussion (PFC/PFD) best practices ...

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HFMA test 4 Questions Answered 100% correct, updated latest 2023

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HFMA test 4 Questions Answered 100% correct, updated latest 2023 Strategic Planning Process includes: Strategic Planning Process includes: Identifying the organization's current position, including its mission, vision, and long-term goals. Conducting an internal and external assessment and co...

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CSPR - Certified Specialist Payment Rep (HFMA) Questions and Answers 2023

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CSPR - Certified Specialist Payment Rep (HFMA) Questions and Answers 2023 Steps used to control costs of managed care include: Bundled codes Capitation Payer and Provider to agree on reasonable payment DRG is used to classify Inpatient admissions for the purpose of reimbursing hospitals ...

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HFMA 2 Questions Answered 100% Correct 2023

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HFMA 2 Questions Answered 100% Correct 2023 Describe the paper and electronic claims flow process. 1. Electronic Claim Submission= EDI claims forwarded to either directly or via EDI clearing house/ vendor. 2. Claims Verification= Clearinghouse specifications and insurance company requirements u...

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HFMA Test 7: Contracts Questions and Answers 2023

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HFMA Test 7: Contracts Questions and Answers 2023 Purpose of Contracts 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. Collec...

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