Revenue Cycle Midterm Knowledge Check Questions and Answers | Latest Update | 2024/2025 | Graded

Revenue Cycle Midterm Knowledge
Check Questions and Answers | Latest
Update | 2024/2025 | Graded A+

What is the first step in the revenue cycle for healthcare providers?

A) Insurance verification

B) Medical coding


✔✔C) Patient registration


D) Claim submission




Which process ensures that patient services are covered by their insurance plan?


✔✔A) Insurance verification


B) Claims adjudication

C) Charge capture

D) Revenue reconciliation




What is the primary purpose of medical coding in the revenue cycle?

A) To manage patient payments


✔✔B) To convert healthcare services into billable codes

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, C) To verify insurance coverage

D) To assign billing amounts




Which department is responsible for ensuring that all charges are accurately recorded in the

revenue cycle?


✔✔A) Charge capture


B) Claims department

C) Patient services

D) Billing and collections




What happens during the claims adjudication process?

A) Patient demographics are verified


✔✔B) Insurance companies review and approve or deny claims


C) Payments are posted to patient accounts

D) Bills are generated for patient services




What term describes the process of identifying and correcting errors in claim submissions?


✔✔A) Claims scrubbing



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