Exam (elaborations)
Certified Revenue Cycle Representative - CRCP (2024) HFMA.org graded A+ by experts
- Course
- Institution
Certified Revenue Cycle Representative - CRCP (2024) HFMA.org graded A+ by experts
[Show more]
Content preview
Certified Revenue Cycle Representative- CRCP (2024) HFMA.org
Patients considered scheduled - ANSrecurring/series patients
Which option is NOT a type of denial. - ANSContractual adjustment
Which option is NOT a lien type? - ANSSubrogation
Which Items are required components of a financial assistance policy? - ANSConcise statement
of the hospital's mission
Guidelines for bad debt or previous unpaid accounts
Installment arrangement guidelines
Payment Methods
A clearly defined financial assistance statement
Which activity is not considered when initiating self-pay follow up and account resolution
activities? - ANSPatient Open Balance Billing
Which option is NOT a required component of a FAP? - ANSOut of Network Providers
Match the title to the appropriate consumer credit protection act component. - ANSTruth in
lending act - Title 1
Restrictions on garnishment - Title III
Fair debt collections practices act - Title VIII
Fair credit reporting Act - Title VI
Which is not a bankruptcy type governed by thee 1979 bankruptcy act? - ANSCreditor priority
Which evaluation criteria demonstrates reputation expectations? - ANSThe employment of staff
who have documented experience working in financial areas of health care.
Agency fees are: - ANSThe cost to the provider for collecting agency monies offset by the return
on baddest accounts.
The correct way to handle the retention and payment of agency fees is? - ANSFollow the
contractual agreement between the agency and the provider as to how monies sent to the
agency will be handled.
, Patient Relations Include? - ANSThe ability to sensitively deal with patients or individuals while
managing collection efficiency.
Collection agency reports should be provided: - ANSIn at least two formats regarding accounts
assigned on a routine basis.
Collection results are: - ANSAccurately calculated to demonstrate the actual recovery
percentage rate.
Which option is NOT a HFMA best practice. - ANSCoordinate the resolution of bad debt
accounts with a law firm.
T or F: The following statement represents an advantage of outsourcing: Access to qualified
staff. - ANSTrue or T
T or F: The following statement represents an advantage of outsourcing: Vendors absorbs some
financial risk based on "efficiency" factor - ANSTrue of T
T or F: The following statement represents an advantage of outsourcing:
Impact on direct control of accounts receivable. - ANSFalse
T or F: The following statement represents an advantage of outsourcing:
Capitalizes on the economies of scale. - ANSTrue
T or F: The following statement represents an advantage of outsourcing:
Limits internal staffing requirements. - ANSFalse
T or F: The following statement represents an advantage of outsourcing:
Impact on customer service. - ANSFalse
T or F: The following statement represents an advantage of outsourcing:
Legal impact if vendor represents themselves as provider employees. - ANSFalse
T or F: The following statement represents an advantage of outsourcing:
Ineffective vendor results in increased costs. - ANSFalse
Which function within the revenue cycle is NOT a good candidate for outsourcing? - ANSHealth
Care Patient Services
1 Consents are signed as part of the post-service process.
2 Patient service costs are calculated in the pre-service process for scheduled patients.
3 The patient is scheduled and registered for service is a time of service activity.
4 The patient account is monitored for payment is a time-of-service activity.
5 Case management and discharge planning services are a post service activity.
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 Ascore. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now