Hfma test 1 - Study guides, Class notes & Summaries

2024 CRCR Test Review Complete Questions & Answers (Solved) 100% Correct 1. Important revenue cycle activities in the pre-service stage include Answer: Obtaining or updating patient and guarantor information 2. In the pre-service stage, the cost of the scheduled service is identified andthe patient's health plan and benefits are used to calculate; Answer: The amount the patient may be expected to pay after insurance. 3. Demographic and health plan edit failures are identified and reso...

1. The 501(r) regulations require not-for-profit providers 501(c) (3) to do which of the following activities? A. Complete a community needs assessment and develop a discount program for patient balances after insurance payment. B. Pursue extraordinary collection activities with all patients eligible for financial assistance. C. Implement a financial assistance program for uninsured and underinsured patients. D. Discount all charges to self-pay patients to an amount generally billed to a...

HFMA CRCR REVIEW QUESTIONS WITH CORRECT ANSWERS Which option is NOT a main HFMA Healthcare Dollars and Sense revenue cycle initiative? A) Patient Financial Communications B) Medical Account Resolution C) Price Transparency D) Process Compliance - CORRECT ANSWER-D) Process Compliance Approximately what ______% of billing information is obtained during the registration process (Patient Access). - CORRECT ANSWER-40% What is the objective of the HCAHPS initiative? A) To conduct evalua...

HFMA CRCR EXAM LATEST EXAM 170+ QUESTIONS WITH 100%VERIFIED ANSWERS ALREADY PASSED!!!A+GRADED What are collection agency fees based on? - correct answer...A percentage of dollars collected Self-funded benefit plans may choose to coordinate benefits using the gender rule or what other rule? - correct answer...Birthday In what type of payment methodology is a lump sum or bundled payment negotiated between the payer and some or all providers? - correct answer...Case rates What customer ...

HFMA Test 7: Contracts Questions and Answers 2023 Purpose of Contracts Purpose Contracts will be used to define terms between two or more parties for the provision of a service or product. In health care, contracts are used for: Health plan or payer agreements. Construction projects. Collection services. Maintenance on equipment. Leasing space. Employment of contracted staff, and a variety of other items For a contract to be valid, individual must do three things Valid Contra...

HFMA test 4 Questions Answered 100% correct, updated latest 2023 Strategic Planning Process includes: Strategic Planning Process includes: Identifying the organization's current position, including its mission, vision, and long-term goals. Conducting an internal and external assessment and comparing the organization's condition against those findings. This is often called a SWOT analysis. Define environmental Assessment An environmental assessment is an examination of what's hap...