CPPM FINAL PAPER QUESTIONS AND
SOLUTIONS
◉ Accural Accounting
Answer: Records revenues when they are earned and expenses
when they have been accrued. Provides a more accurate reflection
of your current financial situation
◉ Cash Based Accounting
Answer: Recognizes revenue only when cash is collected and
expenses when cash is paid. Provides a truer reflection of actual
cash on hand and requires less reconciliation
◉ Chart of Accounts
Answer: Lists all potential accounts for all financial information
(income, expenses, assets, liabilities, equites)
◉ Assets balance
Answer: If assets are higher than liabilities, that's a good thing.
◉ Net Collection Rate Formula
Answer: Total Receipts - Refunds ./. Total Charges - Contractual
Adjustments
,◉ Bad Debt Ratios Formula
Answer: Total Bad Debt for period ./. Total Charges for period.
◉ Denials Report & Denial Rate
Answer: Total # denials ./. Total claims submitted
◉ LLC
Answer: Limited Liability Company -unlimited owners & limit the
amoutn of taxes
◉ Disaster Recovery Planning
Answer: Should include prevention, detection, & correction
◉ Pod
Answer: Has nurses, exam rooms, & physicians offices all located
in the same area
◉ Quantitative Risk Analaysis
Answer: Measure of the probabilities of various adverse effects &
the likely extent of the losses if a particular event occurs
◉ EHR Date
Answer: 1/1/2015 - Providers who have NOT implemented EHR
will begin to see a reduction in Medicare payment
, ◉ Procedure Code Sets
Answer: ICD 9 CM Volume II (hospital inpt charges)
HCPCS Level II
CPT
◉ CPT & HCPCS Dates
Answer: 1/1
◉ ICD 9 Dates
Answer: 10/1
◉ Bad Debt write-offs
Answer: Bad Debt write offs are adjustments taht will result in no
collections
◉ Bad Debt Ration Formula
Answer: Total bad debt for period ./. Total charges for period
◉ State Prompt Payment Laws
Answer: If payments are late by insurance companies
◉ The following will NOT prevent claim denials
SOLUTIONS
◉ Accural Accounting
Answer: Records revenues when they are earned and expenses
when they have been accrued. Provides a more accurate reflection
of your current financial situation
◉ Cash Based Accounting
Answer: Recognizes revenue only when cash is collected and
expenses when cash is paid. Provides a truer reflection of actual
cash on hand and requires less reconciliation
◉ Chart of Accounts
Answer: Lists all potential accounts for all financial information
(income, expenses, assets, liabilities, equites)
◉ Assets balance
Answer: If assets are higher than liabilities, that's a good thing.
◉ Net Collection Rate Formula
Answer: Total Receipts - Refunds ./. Total Charges - Contractual
Adjustments
,◉ Bad Debt Ratios Formula
Answer: Total Bad Debt for period ./. Total Charges for period.
◉ Denials Report & Denial Rate
Answer: Total # denials ./. Total claims submitted
◉ LLC
Answer: Limited Liability Company -unlimited owners & limit the
amoutn of taxes
◉ Disaster Recovery Planning
Answer: Should include prevention, detection, & correction
◉ Pod
Answer: Has nurses, exam rooms, & physicians offices all located
in the same area
◉ Quantitative Risk Analaysis
Answer: Measure of the probabilities of various adverse effects &
the likely extent of the losses if a particular event occurs
◉ EHR Date
Answer: 1/1/2015 - Providers who have NOT implemented EHR
will begin to see a reduction in Medicare payment
, ◉ Procedure Code Sets
Answer: ICD 9 CM Volume II (hospital inpt charges)
HCPCS Level II
CPT
◉ CPT & HCPCS Dates
Answer: 1/1
◉ ICD 9 Dates
Answer: 10/1
◉ Bad Debt write-offs
Answer: Bad Debt write offs are adjustments taht will result in no
collections
◉ Bad Debt Ration Formula
Answer: Total bad debt for period ./. Total charges for period
◉ State Prompt Payment Laws
Answer: If payments are late by insurance companies
◉ The following will NOT prevent claim denials
