CRCR Exam Unit 1 2024 with 100% correct answers

Net Days in AR - correct answer Measures how fast receivables are collected. It is a trending indicator of overall A/R performance & revenue cycle efficiency. A/R Aging - correct answer Reports divide the AR into 30, 60, 90, and 120 day categories, based on discharge. Credit Balances - Days Outstanding - correct answer The dollars in credit balance at the account level divided by the three month daily average of total net patient service revenue. Credit balances should be resolved timely and should be benchmarked at <1% of the days outstanding in the AR. 3 Critical Elements of the Healthcare Revenue Cycle - correct answer Pre-Service, Time of Service, Post Service Provision of Care - correct answer Describing elective vs. non-elective services to the patient, and discussing prior balances the patient has (if applicable). Emergency Medical Treatment and Active Labor Act (EMTALA) - correct answer Says that no patient financial discussions should occur before a patient is screened and stabilized. HFMA's Adopter Program - correct answer Providers who implement and support the best practices of Patient Financial Communication are eligible and encouraged to apply for recommendation by HFMA as an Adopter of Patient Financial Communication Best Practices. Hospital Consumer Assessment of Healthcare Providers and Systems (HCAHPS) Initiative - correct answer Implemented by CMS to provide a standardized method for evaluating patient's perspective on hospital care. 27 total questions on the survey. Key Question is "Would you recommend this hospital to your friends and family?"