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Exam (elaborations)

HFMA CSPPM Latest Final Test Review Q & S 2024.

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HFMA CSPPM Latest Final Test Review Q & S 2024.HFMA CSPPM Latest Final Test Review Q & S 2024.HFMA CSPPM Latest Final Test Review Q & S 2024.

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HFMA




CSPPM




LATEST FINAL TEST REVIEW
Q&S




©2024/2025

,1. Which of the following coding systems is primarily used for
reporting outpatient and physician services?


A) ICD-10-CM
B) CPT
C) DRG
D) HCPCS Level II


ANS: B) CPT


2. In the context of revenue cycle management, what is "days in
accounts receivable" used to measure?


A) The number of days it takes to receive a claim denial
B) The time taken from patient registration to billing
C) The average time it takes to collect payment after a service is
rendered
D) The number of days between issuing a bill and the end of the
financial year
©2024/2025

, ANS: C) The average time it takes to collect payment after a
service is rendered


3. Which governmental act requires transparency in healthcare
pricing to promote consumerism?


A) HIPAA
B) HITECH
C) Affordable Care Act (ACA)
D) Stark Law


ANS: C) Affordable Care Act (ACA)


4. What is the primary purpose of a revenue cycle management
system in a healthcare setting?


A) To ensure compliance with healthcare regulations
B) To optimize supply chain operations
C) To track patient outcomes
D) To manage the financial transactions associated with patient
care
©2024/2025

, ANS: D) To manage the financial transactions associated
with patient care


5. Which aspect of an information system is crucial for
managing collections effectively?


A) User Interface Design
B) Data Integration
C) Encryption Protocols
D) Server Uptime


ANS: B) Data Integration


6. Which budgetary method involves setting initial budgets
using the previous year’s figures, adjusting for inflation and other
changes?


A) Zero-based budgeting
B) Static budgeting
C) Flexible budgeting
D) Incremental budgeting
©2024/2025

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