Exam (elaborations)
Ch. 3 & 4: Revenue Cycle Management 100% Correct Questions And Answers
- Course
- Healthcare Settings ME2500
- Institution
- Ultimate Medical Academy
Ch. 3 & 4: Revenue Cycle Management 100% Correct Questions And Answers
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Ch. 3 & 4: Revenue CycleManagement 100% Correct
Questions And Answers
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, Ch. 3 & 4: Revenue Cycle
Management 100% Correct Questions
And Answers
True - correct answer Revenue cycle management results in accurate and timely reimbursement.
True - correct answer Demographic information on a registration form is used to identify the patient.
False - correct answer An electronic claim has no errors and is paid on the first submission.
False - correct answer If the insurance claim is denied because the coverage was terminated, the claim
can be resubmitted.
True - correct answer The remittance advice tells the provider how much the patient is responsible for
paying.
False - correct answer The person who takes responsibility for paying the medical charges is the insured.
True - correct answer An Accounts Receivable Aging Report can determine which patient payments are
past due.
revenue management - correct answer is the process by which health care facilities and providers
ensure their financial viability by increasing revenue, improving cash flow, and enhancing the patient's
experience.
revenue cycle management - correct answer process that typically begins upon appointment scheduling
or physician order for an inpatient hospital admission, and it concludes when reimbursement obtained
through collections has been posted.
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