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CRCR Exam Questions and Answers: Healthcare Revenue Cycle Management, Exams of Financial Accounting

A comprehensive set of multiple-choice questions and answers covering key aspects of healthcare revenue cycle management. It delves into topics such as patient financial communications, price transparency, medical account resolution, compliance programs, and the role of key performance indicators (kpis) in revenue cycle management. Valuable for students and professionals seeking to understand the intricacies of healthcare revenue cycle operations.

Typology: Exams

2024/2025

Available from 11/08/2024

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CRCR Exam Questions and Answers
1.Which of the following statements are true of HFMA's Financial
Commu- nications Best Practices: Ans- The best practices were
developed specifically to help patients understand the cost of
services, their individual insurance benefits, and their responsibility
for balances after insurance, if any.
2.The patient experience includes all of the following except:: Ans- The
average number of positive mentions received by the health system
or practice and the public comments refuting unfriendly posts on
social media sites.
3.Corporate compliance programs play an important role in protecting
the integrity of operations and ensuring compliance with federal and
state re- quirements. The code of conduct is:: Ans- All of the above
4.Specific to Medicare fee-for-service patients, which of the following
payers have always been liable for payment?: Ans- Public health service
programs, Federal grant programs, veteran affairs programs, black
lung program services and work-re- lated injuries and accidents
(worker' compensation claims)
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CRCR Exam Questions and Answers

  1. Which of the following statements are true of HFMA's Financial Commu- nications Best Practices: Ans- The best practices were developed specifically to help patients understand the cost of services, their individual insurance benefits, and their responsibility for balances after insurance, if any.
  2. The patient experience includes all of the following except:: Ans- The average number of positive mentions received by the health system or practice and the public comments refuting unfriendly posts on social media sites.
  3. Corporate compliance programs play an important role in protecting the integrity of operations and ensuring compliance with federal and state re- quirements. The code of conduct is:: Ans- All of the above
  4. Specific to Medicare fee-for-service patients, which of the following payers have always been liable for payment?: Ans- Public health service programs, Federal grant programs, veteran affairs programs, black lung program services and work-re- lated injuries and accidents (worker' compensation claims)

for measuring the control and collection of A/R. 2 / 15

What are the two KPIs used to monitor performance related to the production and submission of claims to third party payers and patients (self-pay)?: - Elapsed days from discharge to final bill and elapsed days from final bill to claim/bill submission.

  1. Consents are signed as part of the post-services process.: True **False
  2. Patient service costs are calculated in the pre-service process for schedule patients: **True False
  3. The patient is scheduled and registered for service is a time- of- service activity: True **False 12. The patient account is monitored for payment is a time-of-service activity- : True **False
  4. Case management and discharge planning services are a post- service activty: True **False
  5. Sending the bill electronically to the health plan is a time-of- service activ- ity: True **False
  1. What happens during the post-service stage?: **A. Final coding of all ser- vices, preparation and submission of claims, payment processing and balance billing and resolution. B. Orders are entered, results are reported, charges are generated, and diagnostic and procedural coding is initiated. C. The encounter record is generated, and the patient and guarantor information is obtained and/or updated as required. D. The focus is on the patient and his/her financial care, in addition to the clinical care provided for the patient. 16. The following statements describe best practices established by the Med- ical Debt Task Force. Check the box next to the True statements: **Educate Patients **Coordinate to avoid duplicate patient contacts Exercise moderate judgement when communicating with providers about scheduled services **Be consistent in key aspects of account resolution

**Follow best practices for communication

  1. Which option is NOT a main HFMA Healthcare Dollars & Sense revenue cycle initiative?: A. Patient Financial Communications B. Price Transparency C. Medical Account Resolution **D. Process Compliance
  2. What is the objective of the HCAHPS initiative?: **A. To provide a standard- ized method for evaluating patients' perspective on hospital care. B. To provide clear communication and good customer service, which will give the provider a competitive edge. C. To conduct evaluations concerning patients' perspective on hospital care. D.To make certain that during registration key information is verified by means of a picture ID and an insurance card.
  3. Which option is NOT a department that supports and collaborates with the revenue cycle?: A. Information Technology B. Clinical Services C. Finance

**D. Assisted Living Services

Identify which option is NOT a work plan task mentioned in this course.: A. Payments to Physicians for Co-Surgery Procedures

B. Denials and Appeals in Medicare Part D C. Medicare Hospital Payments for Claims Involving the Acute- and Post-Acute- Care Transfer Policies **D. Standard Unique Employer Identifier

  1. In order to promote the use of correct coding methods on a national basis and prevent payment errors due to improper coding, CMS developed what?: **A. The Correct Coding Initiative (CCI) B. The Advance Beneficiary Notice of Noncoverage (ABN) C. The Medicare Secondary Payer (MSP) D.Modifiers
  2. Indicate if the activity is described by the appropriate description of the violation involved:: True - A staff member receives cash in the mail and does not immediately report the case to the manager for special handling. This is an example of financial misconduct False - A mother sees a charge on her hospital bill for a circumcision for a newborn girl. This is an example of falsifying medical records to boost reimbursement.

delivery system.

C. To reform the healthcare system into a system that rewards greater value, improves the quality of care and increases efficiency in the delivery of services. D.To provide financial incentives to physicians for reporting quality data to CMS.

receivable (A/R) and provide a method of measuring the collection and control of A/R.

C. Days in A/R is calculated based on the value of the total accounts receivable on a specific date. D. A component that can divide the accounts receivable into 30, 60, 90, 120 days, and over 120 days categories, based on the date of service/discharge

  1. While the highest level of differentiation among patients is scheduled pa- tient vs unscheduled patient, a variety of patient types are routinely identified in both the acute and non-acute settings. Which patient types are typically considered acute care patient types?: Observation, newborn, Emergency (ED)
  2. Accurate identification of the patient is the first step in the scheduling process. Identifiers used in various combination to achieve accurate patient identification include?: Full legal name, date of birth, sex and social security number
  3. Pre-registration is defined as:: The collection of demographic information, insurance data, financial information, providing reminders, prep information, and identifying the potential need for financial assistance for scheduled patients. 32. Medicare has unique features not found in other health plan programs. It is government sponsored and financed through taxes and general