Revenue per visit - Study guides, Class notes & Summaries

HFMA's CSAF 2021, Certified Specialist Accounting and Finance Exam Prep Questions And Answers All Verified Contribution Margin - ANS Difference between marginal revenue and marginal cost. Break-even point - ANS Level of sales volume of a product producing the exact amount of contribution margin needed to cover fixed costs. Overhead - ANS Indirect Costs Activity-based costing (ABC) - ANS Method of determining product costs using cost drivers or activity measures, which cause i...

If add-on procedure code 11101 is performed twice during an office visit, how is it indicated on the CMS- 1500 claim form? a) code 11101 is reported with a modifier 50 b) code 11101 is reported twice c) code 11101 is reported once with the number 2 in box 24G d) code 11101 is reported twice with the number 2 in box 24G - Answer-Code 11101 is reported once with the number 2 in box 24G 60-year-old woman is seeking help to quit smoking. She makes an appointment to see Dr. Lung for an initia...

Break-Even Analysis Case Study You and several of your colleague business partners have decided to establish an outpatient fertility clinic in your service area. All of you are very familiar with thi s patient population base, have completed an extensive market analysis that demonstrated a great need for the service, and are comfortable with setting up a business and the costs associated with this special group of patients. As part of the business plan, you and your partners will need to convinc...

A recurring/series registration is characterized by a) A creation of multiple registrations for multiple services b) The creation of one registration record for multiple days of service c) The creation of multiple patient types for one date of service d) The creation of one registration record per diagnosis per visit - B A four digit number code established by the National Uniform Billing Committee (NUBC) that categorizes/classifies a line item in the charge master is known as a) HCPCs co...

Contribution Margin Correct Answer Difference between marginal revenue and marginal cost. Break-even point Correct Answer Level of sales volume of a product producing the exact amount of contribution margin needed to cover fixed costs. Overhead Correct Answer Indirect Costs Activity-based costing (ABC) Correct Answer Method of determining product costs using cost drivers or activity measures, which cause indirect costs to be incurred. Three main types of Cost standards. Correct Answe...

Contribution Margin - Answer- Difference between marginal revenue and marginal cost. Break-even point - Answer- Level of sales volume of a product producing the exact amount of contribution margin needed to cover fixed costs. Overhead - Answer- Indirect Costs Activity-based costing (ABC) - Answer- Method of determining product costs using cost drivers or activity measures, which cause indirect costs to be incurred. Three main types of Cost standards. - Answer- Predetermined (Syntheti...

Contribution Margin - ANSWERSDifference between marginal revenue and marginal cost. Break-even point - ANSWERSLevel of sales volume of a product producing the exact amount of contribution margin needed to cover fixed costs. Overhead - ANSWERSIndirect Costs Activity-based costing (ABC) - ANSWERSMethod of determining product costs using cost drivers or activity measures, which cause indirect costs to be incurred. Three main types of Cost standards. - ANSWERSPredetermined (Synthetic), N...

RPB102 Epic Resolute Professional Billing Fundamentals Questions And Answers Well Illustrated. Patient Filing Order - correct answer.Every coverage the patient has ever had whether or not it's still effective Prelude - correct answer.Enterprise Registration. Hold the basic patient, guarantor account and coverage data Cadence - correct answer.Scheduling. Schedule and check in visits. Collect visit specific data. Resolute Professional Billing - correct answer.Billing for profe...

CHAPTER Version A I. True or _________ 1. _________ 2. _________ 3. _________ 4. _________ 5. known as suppliers. II. Write down the letter of the answer that best answers the question or completes the statement. _________ 6. The term VFR travel refers to: A. Visiting Friends and Relatives B. Very Frequent Reservations C. Very Favorable Restrictions D. Trick question: VFR refers to nothing _________ 7. Which of the following is not a sector of the travel industry? A. Corporate t...

Patient Filing Order - Every coverage the patient has ever had whether or not it's still effective Prelude - Enterprise Registration. Hold the basic patient, guarantor account and coverage data Cadence - Scheduling. Schedule and check in visits. Collect visit specific data. Resolute Professional Billing - Billing for professional services. UB and CMS claim forms available. Single Billing Office - Using an integrated set of tools to send a statement both hospital and professional sel...