Practice For Cppm Exam Question And Answers

PRACTICE FOR CPPM EXAM
QUESTION AND ANSWERS


*Efficiency - ans-Process & doing things right
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*Effectiveness - ans-Outcomes & doing the right thing sw swsw sw sw sw sw sw




Accural Accounting - ans-
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Records revenues when they are earned & expenses when they have been accrued. P
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rovides a more accurate reflection of your current financial situation
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Cash Based Accounting - ans-
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Recognizes revenue only when cash is collected & expenses when cash is paid. Provid
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es a truer reflection of actual cash on hand & requires less reconciliation
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Chart of Accounts - ans-
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Lists all potential accounts for all financial information (income, expenses, assets, liabili
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ties, equities
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Income Statement - ans-sw sw swsw



Records all revenues & expenses associated with the business for a specified time. Su
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mmary of a company's profit or loss during a given period
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Balance Sheet - ans- sw sw swsw



Snapshot of buisness' financial condition at specific time. Includes values for assets, lia
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bilities & stockholders equity
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Cash Flow Statement - ans-
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Financial statement used to maintain awareness of funds (cash available) to support on
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going business operations
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Break Even Point - ans-
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Point where revenues for services minus all variable expenses = the fixed expenses &
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add'l revenue will start creating a profit for the business
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, OSHA - ans-*Procedures for reporting a file
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* Evacuatin procedures during emergency
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*fire extinguisher locations
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* Emergency contacts & info
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* Designated meeting location
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* Staff assignments & responses
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**Revenue Per Visit (RPV) Calculated - ans- sw sw sw sw sw swsw



Review payor contracts = Toal amount collected ./. total # pt visits
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**Days in A/R formula - ans-total A/R ./. (total charges ./. total days in A/R
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(i.e. $558039 ./. ($700,00 ./. 60)
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Medical Necessity - ans-Most important criteria for E&M
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Days in A/R - ans-How long it takes to collect a charge. Good is less than 40 days
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**Days in A/R forumula - ans-Total A/R ./. Total charges ./. # of days for charges
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Assests = - ans-liabilities & equitysw sw swsw sw sw




Assests - ans-If assests are higher than liabilites, that's a good thing
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**Net Collection Rate - ans-Total Receipts - Refunds ./. Total Charges -
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Contractual Adj
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Bad Deb Ratios - ans-Total bad debt for period ./. total charges for period
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Denials Report & Denials Rate - ans-Total # of denials ./. total claims submitted
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*LLC - ans-Limited Liaiblity Company - unlimited owners & limit the am't of taxes
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*Disaster Recovery Planning - ans-Should include prevention, detection & correction
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*Pod - ans-Has nurses, exam rooms & physicians offices all located in the same area
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*Quantitative Risk Analaysis - ans- sw sw sw swsw



Measure of the probabilities of variouus adverse events & the likely extent of the losses
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if a particular event occurs
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EHR Date - ans-1/1/2015 -
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Providers who have NOT implemented EHR will begin to see a reduction in Medicare
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payment

Procedure Code Sets - ans-ICD 9 CM Volume II (hospital input charges
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