Exam (elaborations)
Practice for CPPM Exam Questions With Verified Responses 2024
- Course
- Institution
Practice for CPPM Exam Questions With Verified Responses 2024
[Show more]
Content preview
Practice for CPPM Exam Questions WithVerified Responses 2024
*Efficiency CORRECT ANSWERS Process & doing things right
*Effectiveness CORRECT ANSWERS Outcomes & doing the right thing
Accural Accounting CORRECT ANSWERS Records revenues when they are earned & expenses when they have been accrued. Provides a more accurate reflection of your current financial situation
Cash Based Accounting CORRECT ANSWERS Recognizes revenue only when cash is
collected & expenses when cash is paid. Provides a truer reflection of actual cash on hand & requires less reconciliation
Chart of Accounts CORRECT ANSWERS Lists all potential accounts for all financial information (income, expenses, assets, liabilities, equities
Income Statement CORRECT ANSWERS Records all revenues & expenses associated
with the business for a specified time. Summary of a company's profit or loss during a given period
Balance Sheet CORRECT ANSWERS Snapshot of buisness' financial condition at specific time. Includes values for assets, liabilities & stockholders equity
Cash Flow Statement CORRECT ANSWERS Financial statement used to maintain awareness of funds (cash available) to support ongoing business operations
Break Even Point CORRECT ANSWERS Point where revenues for services minus all variable expenses = the fixed expenses & add'l revenue will start creating a profit for the
business
OSHA CORRECT ANSWERS *Procedures for reporting a file
* Evacuatin procedures during emergency
*fire extinguisher locations
* Emergency contacts & info
* Designated meeting location
* Staff assignments & responses
**Revenue Per Visit (RPV) Calculated CORRECT ANSWERS Review payor contracts =
Toal amount collected ./. total # pt visits
**Days in A/R formula CORRECT ANSWERS total A/R ./. (total charges ./. total days in A/R (i.e. $558039 ./. ($700,00 ./. 60)
Medical Necessity CORRECT ANSWERS Most important criteria for E&M
Days in A/R CORRECT ANSWERS How long it takes to collect a charge. Good is less than 40 days
**Days in A/R forumula CORRECT ANSWERS Total A/R ./. Total charges ./. # of days for charges
Assests = CORRECT ANSWERS liabilities & equity
Assests CORRECT ANSWERS If assests are higher than liabilites, that's a good thing
**Net Collection Rate CORRECT ANSWERS Total Receipts - Refunds ./. Total Charges
- Contractual Adj
Bad Deb Ratios CORRECT ANSWERS Total bad debt for period ./. total charges for period
Denials Report & Denials Rate CORRECT ANSWERS Total # of denials ./. total claims submitted
*LLC CORRECT ANSWERS Limited Liaiblity Company - unlimited owners & limit the am't of taxes
*Disaster Recovery Planning CORRECT ANSWERS Should include prevention, detection & correction
*Pod CORRECT ANSWERS Has nurses, exam rooms & physicians offices all located in the same area
*Quantitative Risk Analaysis CORRECT ANSWERS Measure of the probabilities of variouus adverse events & the likely extent of the losses if a particular event occurs
EHR Date CORRECT ANSWERS 1/1/2015 - Providers who have NOT implemented EHR will begin to see a reduction in Medicare payment
Procedure Code Sets CORRECT ANSWERS ICD 9 CM Volume II (hospital input charges
HCPCS Level II
CPT
CPT & HCPCS Dates CORRECT ANSWERS 1/1
ICD 9 Dates CORRECT ANSWERS 10/1
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 ElevatedExcellence. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now