HFMA
CSPPM
LATEST FINAL EXAM REVIEW
Q&S
©2024/2025
,1. Which coding system is primarily used in the United States
for classifying diseases and a wide variety of signs, symptoms,
abnormal findings, and external causes of injury?
- A) ICD-9
- B) ICD-10
- C) CPT
- D) HCPCS
- Correct ANS: B) ICD-10
2. What is the primary purpose of the CPT coding system?
- A) Classify drugs
- B) Document medical devices
- C) Provide uniform language for medical, surgical, and
diagnostic services
- D) Identify healthcare institutions
- Correct ANS: C) Provide uniform language for medical,
surgical, and diagnostic services
### Payment Systems Revenue Cycle
©2024/2025
,3. Which of the following best describes the term "revenue
cycle"?
- A) The process of managing financial transactions and
business operations
- B) The series of steps to manage patient health records
- C) The sequence of events that occur from patient appointment
to payment collection
- D) The methodology for insurance claim processing
- Correct ANS: C) The sequence of events that occur from
patient appointment to payment collection
### Accounts Receivable
4. Which method is commonly used to estimate the collectability
of accounts receivable?
- A) FIFO analysis
- B) LIFO analysis
- C) Aging schedule
- D) Cost-benefit analysis
- Correct ANS: C) Aging schedule
5. In the context of accounts receivable, what does the term “net
collection rate” refer to?
©2024/2025
, - A) Percentage of gross charges collected
- B) Percentage of allowed charges collected
- C) Total revenue divided by total receivables
- D) Number of days to collect payments
- Correct ANS: B) Percentage of allowed charges collected
### Consumerism
6. Which of the following statements about healthcare
consumerism is most accurate?
- A) It only concerns patient satisfaction surveys.
- B) It emphasizes the patient’s role in decision-making and cost
management.
- C) It pertains to the marketing strategies of healthcare
facilities.
- D) It involves the regulation of insurance companies’ pricing.
- Correct ANS: B) It emphasizes the patient’s role in decision-
making and cost management.
### Collections Information Systems
7. What is the primary function of a collections management
information system in a healthcare setting?
- A) Automate patient registration
©2024/2025
CSPPM
LATEST FINAL EXAM REVIEW
Q&S
©2024/2025
,1. Which coding system is primarily used in the United States
for classifying diseases and a wide variety of signs, symptoms,
abnormal findings, and external causes of injury?
- A) ICD-9
- B) ICD-10
- C) CPT
- D) HCPCS
- Correct ANS: B) ICD-10
2. What is the primary purpose of the CPT coding system?
- A) Classify drugs
- B) Document medical devices
- C) Provide uniform language for medical, surgical, and
diagnostic services
- D) Identify healthcare institutions
- Correct ANS: C) Provide uniform language for medical,
surgical, and diagnostic services
### Payment Systems Revenue Cycle
©2024/2025
,3. Which of the following best describes the term "revenue
cycle"?
- A) The process of managing financial transactions and
business operations
- B) The series of steps to manage patient health records
- C) The sequence of events that occur from patient appointment
to payment collection
- D) The methodology for insurance claim processing
- Correct ANS: C) The sequence of events that occur from
patient appointment to payment collection
### Accounts Receivable
4. Which method is commonly used to estimate the collectability
of accounts receivable?
- A) FIFO analysis
- B) LIFO analysis
- C) Aging schedule
- D) Cost-benefit analysis
- Correct ANS: C) Aging schedule
5. In the context of accounts receivable, what does the term “net
collection rate” refer to?
©2024/2025
, - A) Percentage of gross charges collected
- B) Percentage of allowed charges collected
- C) Total revenue divided by total receivables
- D) Number of days to collect payments
- Correct ANS: B) Percentage of allowed charges collected
### Consumerism
6. Which of the following statements about healthcare
consumerism is most accurate?
- A) It only concerns patient satisfaction surveys.
- B) It emphasizes the patient’s role in decision-making and cost
management.
- C) It pertains to the marketing strategies of healthcare
facilities.
- D) It involves the regulation of insurance companies’ pricing.
- Correct ANS: B) It emphasizes the patient’s role in decision-
making and cost management.
### Collections Information Systems
7. What is the primary function of a collections management
information system in a healthcare setting?
- A) Automate patient registration
©2024/2025
