100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
AAPC CPB - Chapter 10 Review questions with answers $14.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. AAPC CPB
  4.  
  5. AAPC CPB

Exam (elaborations)

AAPC CPB - Chapter 10 Review questions with answers

 20 views  0 purchase
  • Course
  • AAPC CPB
  • Institution
  • AAPC CPB

AAPC CPB - Chapter 10 ReviewWhich statement is TRUE regarding the Prompt Payment Act? a. Patients are required to pay patient balances within 30 days. b. Patient balances are dismissed if a statement is not sent to the patient within 30 days. c. Federal agencies are not required to respond to ...

[Show more]

Preview 2 out of 8  pages

Document information

  • April 15, 2024
  • 8
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • aapc cpb chapter 10 review

Written for

  • AAPC CPB
  • AAPC CPB

Seller

avatar-seller
BukayoSaka120

Reviews received

Content preview

AAPC CPB - Chapter 10 Review
Which statement is TRUE regarding the Prompt Payment Act?
a. Patients are required to pay patient balances within 30 days.
b. Patient balances are dismissed if a statement is not sent to the patient within 30 days.
c. Federal agencies are not required to respond to all clean claims within 30 days of receipt.
d. Federal agencies are required to pay clean claims within 30 days of receipt. - correct answer d. Federal agencies are required to pay clean claims within 30 days of receipt.
When a provider wants to give a discount on services to a patient, which option is acceptable?
a. The provider can waive the co-paymant at his discretion.
b. The provider can accept insurance only payments and write-off all patient balances.
c. The provider must discount the charge prior to billing the insurance carrier.
d. The provider cannot discount the charge under any circumstance. - correct answer c. The provider must discount the charge prior to billing the insurance carrier.
What does a high number of days in A/R indicate for a medical practice?
a. The practice is using their A/R for loan purposes.
b. The practice has good policies in place, which results in good collections of outstanding balances.
c. The practice potentially has a problem in the revenue cycle.
d. The days in A/R do not indicate anything about the practice. - correct answer c. The practice potentially has a problem in the revenue cycle.
A provider removes a skin lesion in an ASC and receives a denial from the insurance carrier that states "Lower level of care could have been provided." What steps should the biller take? a. Write-off the charge.
b. Check with the provider and write an appeal to the insurance carrier explaining why the service was provided in the ASC.
c. Check with the provider and write an appeal to the insurance carrier explaining why the service was not an inpatient service.
d. Submit the CMS-1500 claim form with a different place of service code. - correct answer b. Check with
the provider and write an appeal to the insurance carrier explaining why the service was provided in the ASC.
When accepting debit cards in a medical practice, which act requires the office to disclose specific information before completing a transaction?
a. Health Insurance Portability and Accountability Act (HIPAA)
b. Electronic Funds Transfer Act
c. Equal Credit Opportunity Act
d. Fair Credit Billing Act - correct answer b. Electronic Funds Transfer Act
Which statement is TRUE regarding patient balances?
a. Small balances for which processing costs exceed potential collections may be automatically written-
off according to the financial policy of the practice.
b. The financial policy of the practice cannot include information about write-offs for patient balances.
c. Writing off any patient balance is considered waiving co-payments and puts the practice at risk for violating state and federal regulations.
d. Best practices is to write-off any patient balance under $50.00. - correct answer a. Small balances for which processing costs exceed potential collections may be automatically written-off according to the financial policy of the practice.
Which statement is TRUE regarding denials?

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller BukayoSaka120. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $14.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79650 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$14.99
  • (0)
  Add to cart