Certified Revenue Cycle Representative CRCR Test | Questions with 100% Correct Answers | Verified | Latest Update 2024

Which of the following statements are true of HFMA's Financial Communications Best Practices - The best practices were developed specifically to help patients understand the cost of services, their individual insurance benefits, and their responsibility for balances after insurance, if any. The patient experience includes all of the following except: - The average number of positive mentions received by the health system or practice and the public comments refuting unfriendly posts on social media sites. Specific to Medicare fee-for-service patients, which of the following payers have always been liable for payment? - Public health service programs, Federal grant programs, veteran affairs programs, black lung program services and work-related injuries and accidents (worker' compensation claims) What is the intended outcome of collaborations made through an ACO delivery system for a population of patients? - To eliminate duplicate services, prevent medical errors and ensure appropriateness of care. Historically, revenue cycle has delt with contractual adjustments, bad debt and charity deductions from gross revenue. Although deductions continue to exist, the definition of net revenue has been modified through the implementation of ASC 606. Developed by the Financial Accounting Standards Board (FASB), this change became effective in 2018.