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HFMA CRCR Certification Guide 2025: 120+ Key Concepts & Verified Answers | Essential Study Resource | Graded A+

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YOUR CONCISE GUIDE TO MASTERING THE CRCR CORE CONCEPTS! Preparing for the HFMA CRCR exam doesn't have to be overwhelming. This 2025 Certification Guide distills the vast curriculum into 120+ of the most essential questions and verified answers, focusing on the key terminology, forms, and regulations you MUST know to pass. This is the perfect resource for efficient, targeted study, guaranteed to earn you a Graded A+. Think of this as your ultimate cheat sheet—a focused review of the foundational concepts that form the backbone of the exam. From CPT codes and claim forms (UB-04, CMS 1500) to complex regulations like EMTALA, ASC 606, and the Two-Midnight Rule, we've got you covered. What This Essential Guide Covers: Critical Terminology: Master definitions for ACO, Chargemaster, Explicit/Implicit Price Concessions, HMO/PPO, and more. Key Forms & Transactions: Understand the purpose of the 837-I, 837-P, UB-04, CMS 1500, and the 270 eligibility inquiry. Crucial Regulations: Get clarity on EMTALA, ACA requirements, the Consumer Credit Protection Act, and Medicare billing rules for SNFs, Hospice, and RHCs. HFMA Best Practices: Learn the core principles from the Patient Financial Communications (PFC) and Medical Debt Task Force initiatives. Accounting & Revenue Terms: Differentiate between Accrual & Cash Accounting, Gross vs. Net Revenue, and understand ASC 606. Ideal for: CRCR candidates who have done the initial reading and need a streamlined review, professionals needing a quick refresher on key terms, and anyone who learns best through concise Q&A.

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CRCR CERTIFICATION GUIDE 2025: 120+ QUESTIONS AND
100% VERIFIED ANSWERS | GRADED A+ | GUARANTEED
PASS!!



270 Health Care Eligibility Benefit Inquiry

- answer-270 transaction is the outbound inquiry from the provider to the health
plan. Includes the IDnumber/DOB of insured party

837-I or UB 04 paper form

- answer-hospital inpatient and outpatient services are submitted to medicare and
medicare advantage plans electronically using these forms

837-P orCMS 1500 paper form

- answer-Physician servicesare submitted electronically using these forms

Accountable Care Organization (ACO)

- answer-delivery system of physicians, hospitals, and other healthcare providers,
who work collaboratively to manage and coordinate the care of a patient
population. Includes appropriateness of care, elimination of duplicate services, and
prevention of medical errors for a population of patients

Accrual Accounting

- answer-revenue is recorded when it is earned to permit the alignment of revenue
with the associated expenses.

Activities of HIM

- answer-ensuring the security and completion of electronic and hardcopy medical
records, transcribing physician dictation including histories and physicals operative
reports and discharge summaries/ analyzing information necessary for decision
support/performing chart analysis/reviewing the medical record, assigning
diagnosis and procedure codes and classifying data for reimbursement

,Activities to be completed before bill submission

- answer-completion of all charging/completion of final medicare record
coding/inclusion of insurance verification activities

Admission Orders: Inpatient

- answer-patients are admitted to inpatient status if further treatment can only be
provided in a hospital setting, the patient's condition cannot be evaluated and/or
treated within 24 hours or there is not an anticipation of improvement in the
patient's condition within 24 hours

Admission Orders: Observation

- answer-observation is an outpatient status used to evaluate patients for possible
inpatient admission or to resolve problems where the treatment is expected to last
less than 24 hours. Patient is placed on a bed either on a regular unit or in a
separate observation unti

Affordable Care Act (ACA)

- answer-includes provisions to improve the quality of care/reform the healthcare
delivery system/encourage pricing transparency and modernized financing
systems/address the issues of waste,fraud, and abuse

Affordable Care Act(ACA)

- answer-lays out requirements for:community health needs assessments, policies
related to financial assistance, emergency medical care, billing and collections
activities

Aging Analysis

- answer-important to age from date of service to understand the impact that timely
billing, or lack of timely billing, has on collection of accounts receivable

ASC 606 change to Accounting rules

, - answer-created 2 types of adjustment to incurred charges:explicit price
concessions and implicit price concessions

Attending Physician

- answer-physician who wrote the order for service and is the physician in charge
of the patient's care for a specific period of time. Also referred to as the admitting
physician

Balance Sheet

- answer-statement is a summary of the organizations wealth as of the date of the
statement. it represents the summary of the organizations assets, liabilities and
accumulated excesses from operations less any accumulated losses.

Beneficiary Appeals

- answer-any enrolled individual in medicare dissatisfiedwith the govt claim
determination is entitled to reconsiderationof the decision, a hearing, and a judicial
review of the final decision after hearing.

Billing Issues with HBP's

- answer-they are contracted with the hospital but may not be contracted with a
patient's health plan

Billing RHC Services

- answer-on UB04/837I specific CPTcodes are collapsed into a single revenue code
(520/521) these codes will be usedto determine medical necessity

Bipartisan Budget Act

- answer-2018 provided a permanent exceptions process for the physical therapy
and speech language pathology and the separate occupational therapy caps

Bundled Payments for Care Improvement (BPCI)

- answer-initiative was developed by the Center for Medicare and Medicaid

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