Practice Management Institute Question and answers already passed 2024/2025
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Course
CMOM
Institution
CMOM
Practice Management Institute Question and answers already passed 2024/2025 Practice Management Institute-CMOM- Module 1
Critical areas of the practice (3) - correct answer Patient Care, Revenue enhancement, Cost containment
Important vs. Urgent - correct answer Important eventually beco...
Practice Management Institute-CMOM-
Module 1
Critical areas of the practice (3) - correct answer ✔Patient Care, Revenue
enhancement, Cost containment
Important vs. Urgent - correct answer ✔Important eventually becomes
urgent. So strategy is to act on the important before it becomes urgent.
Important things fall under 7 key activities - correct answer ✔1. Improving
communications with people.
2. Better preparation
3. better planning and organization
4. Taking better care of onself
5. seizing new opportunists
6. Personal development
7. Empowerment
Time management - correct answer ✔Set goals. Allow time for reading and
educating. Be informed about the changing heath care industry. Read about
the different styles of managed care contracts. Learn about captation and how
to calculate capitation rates. Read. Avoid taking work home.
10 minutes in the morning and include provider if possible. Time management
for employees. - correct answer ✔Stand up meeting
Practice Policies and Procedure Manual - correct answer ✔defines every job
function. Serve as an instruction guide for all employees.
, Praise - correct answer ✔Offer encouragement and praise profusely, but
offer help only upon request.
Monthly summary gives the provides concise data about the practice activity
that can be reviewed in 10 minutes or less - correct answer ✔Summary
Report
ACT in 1938- requires employers to keep records on wages and hours
worked. - correct answer ✔Fair Labor Standards Act- FLSA
1. Established minimum wage
Wage records; exempt and non-exempt
2. Regulated child labor
3. Established overtime pay - correct answer ✔FLSA (Fair Labor Standards
Act) provides the following:
The Department of Labor does not require a special format for wage records
as long as they are easily ascertainable. Should include: Full name of
employee, SSN, Address, Sex, DOB, position, Hours of work, rate of pay, total
hours worked per week, total wages for each pay period, payment date, total
amount of additions to or deductions - correct answer ✔Wage Records
Employee records must be maintained for a minimum of _ years - correct
answer ✔3 years
A work week is defined as_ - correct answer ✔168 hours during seven
consecutive 24 hour periods. It may begin any day of the week. Work week
start day must be published.
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