PRACTICE FOR CPPM EXAM
QUESTION AND ANSWERS
*Efficiency - ans-Process & doing things right
sw swsw sw sw sw sw
*Effectiveness - ans-Outcomes & doing the right thing sw swsw sw sw sw sw sw
Accural Accounting - ans-
sw sw swsw
Records revenues when they are earned & expenses when they have been accrued. P
sw sw sw sw sw sw sw sw sw sw sw sw sw
rovides a more accurate reflection of your current financial situation
sw sw sw sw sw sw sw sw sw
Cash Based Accounting - ans-
sw sw sw swsw
Recognizes revenue only when cash is collected & expenses when cash is paid. Provid
sw sw sw sw sw sw sw sw sw sw sw sw sw
es a truer reflection of actual cash on hand & requires less reconciliation
sw sw sw sw sw sw sw sw sw sw sw sw
Chart of Accounts - ans-
sw sw sw swsw
Lists all potential accounts for all financial information (income, expenses, assets, liabili
sw sw sw sw sw sw sw sw sw sw sw
ties, equities
sw
Income Statement - ans-sw sw swsw
Records all revenues & expenses associated with the business for a specified time. Su
sw sw sw sw sw sw sw sw sw sw sw sw sw
mmary of a company's profit or loss during a given period
sw sw sw sw sw sw sw sw sw sw
Balance Sheet - ans- sw sw swsw
Snapshot of buisness' financial condition at specific time. Includes values for assets, lia
sw sw sw sw sw sw sw sw sw sw sw sw
bilities & stockholders equity
sw sw sw
Cash Flow Statement - ans-
sw sw sw swsw
Financial statement used to maintain awareness of funds (cash available) to support on
sw sw sw sw sw sw sw sw sw sw sw sw
going business operations
sw sw
Break Even Point - ans-
sw sw sw swsw
Point where revenues for services minus all variable expenses = the fixed expenses &
sw sw sw sw sw sw sw sw sw sw sw sw sw sw
add'l revenue will start creating a profit for the business
sw sw sw sw sw sw sw sw sw
, OSHA - ans-*Procedures for reporting a file
sw swsw sw sw sw sw
* Evacuatin procedures during emergency
sw sw sw sw
*fire extinguisher locations
sw sw
* Emergency contacts & info
sw sw sw sw
* Designated meeting location
sw sw sw
* Staff assignments & responses
sw sw sw sw
**Revenue Per Visit (RPV) Calculated - ans- sw sw sw sw sw swsw
Review payor contracts = Toal amount collected ./. total # pt visits
sw sw sw sw sw sw sw sw sw sw sw
**Days in A/R formula - ans-total A/R ./. (total charges ./. total days in A/R
sw sw sw sw swsw sw sw sw sw sw sw sw sw sw
(i.e. $558039 ./. ($700,00 ./. 60)
sw sw sw sw sw
Medical Necessity - ans-Most important criteria for E&M
sw sw swsw sw sw sw sw
Days in A/R - ans-How long it takes to collect a charge. Good is less than 40 days
sw sw sw swsw sw sw sw sw sw sw sw sw sw sw sw sw sw
**Days in A/R forumula - ans-Total A/R ./. Total charges ./. # of days for charges
sw sw sw sw swsw sw sw sw sw sw sw sw sw sw sw
Assests = - ans-liabilities & equitysw sw swsw sw sw
Assests - ans-If assests are higher than liabilites, that's a good thing
sw swsw sw sw sw sw sw sw sw sw sw
**Net Collection Rate - ans-Total Receipts - Refunds ./. Total Charges -
sw sw sw swsw sw sw sw sw sw sw sw
Contractual Adj
sw sw
Bad Deb Ratios - ans-Total bad debt for period ./. total charges for period
sw sw sw swsw sw sw sw sw sw sw sw sw sw
Denials Report & Denials Rate - ans-Total # of denials ./. total claims submitted
sw sw sw sw sw swsw sw sw sw sw sw sw sw
*LLC - ans-Limited Liaiblity Company - unlimited owners & limit the am't of taxes
sw swsw sw sw sw sw sw sw sw sw sw sw sw
*Disaster Recovery Planning - ans-Should include prevention, detection & correction
sw sw sw swsw sw sw sw sw sw
*Pod - ans-Has nurses, exam rooms & physicians offices all located in the same area
sw swsw sw sw sw sw sw sw sw sw sw sw sw sw
*Quantitative Risk Analaysis - ans- sw sw sw swsw
Measure of the probabilities of variouus adverse events & the likely extent of the losses
sw sw sw sw sw sw sw sw sw sw sw sw sw sw
if a particular event occurs
sw sw sw sw sw
EHR Date - ans-1/1/2015 -
sw sw swsw sw
Providers who have NOT implemented EHR will begin to see a reduction in Medicare
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
payment
Procedure Code Sets - ans-ICD 9 CM Volume II (hospital input charges
sw sw sw swsw sw sw sw sw sw sw sw
QUESTION AND ANSWERS
*Efficiency - ans-Process & doing things right
sw swsw sw sw sw sw
*Effectiveness - ans-Outcomes & doing the right thing sw swsw sw sw sw sw sw
Accural Accounting - ans-
sw sw swsw
Records revenues when they are earned & expenses when they have been accrued. P
sw sw sw sw sw sw sw sw sw sw sw sw sw
rovides a more accurate reflection of your current financial situation
sw sw sw sw sw sw sw sw sw
Cash Based Accounting - ans-
sw sw sw swsw
Recognizes revenue only when cash is collected & expenses when cash is paid. Provid
sw sw sw sw sw sw sw sw sw sw sw sw sw
es a truer reflection of actual cash on hand & requires less reconciliation
sw sw sw sw sw sw sw sw sw sw sw sw
Chart of Accounts - ans-
sw sw sw swsw
Lists all potential accounts for all financial information (income, expenses, assets, liabili
sw sw sw sw sw sw sw sw sw sw sw
ties, equities
sw
Income Statement - ans-sw sw swsw
Records all revenues & expenses associated with the business for a specified time. Su
sw sw sw sw sw sw sw sw sw sw sw sw sw
mmary of a company's profit or loss during a given period
sw sw sw sw sw sw sw sw sw sw
Balance Sheet - ans- sw sw swsw
Snapshot of buisness' financial condition at specific time. Includes values for assets, lia
sw sw sw sw sw sw sw sw sw sw sw sw
bilities & stockholders equity
sw sw sw
Cash Flow Statement - ans-
sw sw sw swsw
Financial statement used to maintain awareness of funds (cash available) to support on
sw sw sw sw sw sw sw sw sw sw sw sw
going business operations
sw sw
Break Even Point - ans-
sw sw sw swsw
Point where revenues for services minus all variable expenses = the fixed expenses &
sw sw sw sw sw sw sw sw sw sw sw sw sw sw
add'l revenue will start creating a profit for the business
sw sw sw sw sw sw sw sw sw
, OSHA - ans-*Procedures for reporting a file
sw swsw sw sw sw sw
* Evacuatin procedures during emergency
sw sw sw sw
*fire extinguisher locations
sw sw
* Emergency contacts & info
sw sw sw sw
* Designated meeting location
sw sw sw
* Staff assignments & responses
sw sw sw sw
**Revenue Per Visit (RPV) Calculated - ans- sw sw sw sw sw swsw
Review payor contracts = Toal amount collected ./. total # pt visits
sw sw sw sw sw sw sw sw sw sw sw
**Days in A/R formula - ans-total A/R ./. (total charges ./. total days in A/R
sw sw sw sw swsw sw sw sw sw sw sw sw sw sw
(i.e. $558039 ./. ($700,00 ./. 60)
sw sw sw sw sw
Medical Necessity - ans-Most important criteria for E&M
sw sw swsw sw sw sw sw
Days in A/R - ans-How long it takes to collect a charge. Good is less than 40 days
sw sw sw swsw sw sw sw sw sw sw sw sw sw sw sw sw sw
**Days in A/R forumula - ans-Total A/R ./. Total charges ./. # of days for charges
sw sw sw sw swsw sw sw sw sw sw sw sw sw sw sw
Assests = - ans-liabilities & equitysw sw swsw sw sw
Assests - ans-If assests are higher than liabilites, that's a good thing
sw swsw sw sw sw sw sw sw sw sw sw
**Net Collection Rate - ans-Total Receipts - Refunds ./. Total Charges -
sw sw sw swsw sw sw sw sw sw sw sw
Contractual Adj
sw sw
Bad Deb Ratios - ans-Total bad debt for period ./. total charges for period
sw sw sw swsw sw sw sw sw sw sw sw sw sw
Denials Report & Denials Rate - ans-Total # of denials ./. total claims submitted
sw sw sw sw sw swsw sw sw sw sw sw sw sw
*LLC - ans-Limited Liaiblity Company - unlimited owners & limit the am't of taxes
sw swsw sw sw sw sw sw sw sw sw sw sw sw
*Disaster Recovery Planning - ans-Should include prevention, detection & correction
sw sw sw swsw sw sw sw sw sw
*Pod - ans-Has nurses, exam rooms & physicians offices all located in the same area
sw swsw sw sw sw sw sw sw sw sw sw sw sw sw
*Quantitative Risk Analaysis - ans- sw sw sw swsw
Measure of the probabilities of variouus adverse events & the likely extent of the losses
sw sw sw sw sw sw sw sw sw sw sw sw sw sw
if a particular event occurs
sw sw sw sw sw
EHR Date - ans-1/1/2015 -
sw sw swsw sw
Providers who have NOT implemented EHR will begin to see a reduction in Medicare
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
payment
Procedure Code Sets - ans-ICD 9 CM Volume II (hospital input charges
sw sw sw swsw sw sw sw sw sw sw sw
