HFMA CRCR Glossary with Correct Solutions 2024

HFMA CRCR Glossary with Correct Solutions 2024 835 Record - Answer -A standard electronic message between a health plan and provider sending remittance data on a claim to the provider. 837 Record - Answer -A standard electronic message between a provider and a health plan sending data on a claim to the health plan. AAR - Answer -After-hours activity report ABN - Answer -Advanced Beneficiary Notice ACC - Answer -Ambulatory care center Access - Answer -Ability to receive hospital, physician or other medial services without regard to an individual's ability to pay. Accountable Care Organization (ACO) - Answer -A coordinated group of healthcare providers (including physicians, hospitals, and other types of providers) organized to improve quality and lower the costs of care to a defined group of patients. Accounting Identity - Answer -Also known as the accounting equation; assets = liabilities + equity Accounts payable - Answer -A current liability where funds are owed to suppliers. Accounts Payable Distribution - Answer -An accounting computer system report that details the amounts paid to vendors by date, purchase order, and expense classification. Accounts Receivable (A/R) - Answer -Money owed to an organization for goods or services furnished. Accounts Receivable (A/R) collections period - Answer -Number of days in the accounting period divided by accounts receivable turnover. This ration tells you the average time it takes to collect amounts due. Accounts Receivable (A/R) turnover - Answer -Services rendered on credit during the period divided by the A/R balance. This ration tells you how many times you collect your AR in a given cycle. Accounts Receivable (A/R) Aging - Answer -A report that summarizes accounts receivabl