CPPM Exam (Certified Professional Practice Manager)
– Questions And Answers
*Efficiency Right Ans - Process & doing things right
*Effectiveness Right Ans - Outcomes & doing the right thing
Accural Accounting Right Ans - Records revenues when they are earned &
expenses when they have been accrued. Provides a more accurate reflection of
your current financial situation
Cash Based Accounting Right Ans - Recognizes revenue only when cash is
collected & expenses when cash is paid. Provides a truer reflection of actual
cash on hand & requires less reconciliation
Chart of Accounts Right Ans - Lists all potential accounts for all financial
information (income, expenses, assets, liabilities, equities
Income Statement Right Ans - Records all revenues & expenses associated
with the business for a specified time. Summary of a company's profit or loss
during a given period
Balance Sheet Right Ans - Snapshot of buisness' financial condition at
specific time. Includes values for assets, liabilities & stockholders equity
Cash Flow Statement Right Ans - Financial statement used to maintain
awareness of funds (cash available) to support ongoing business operations
Break Even Point Right Ans - Point where revenues for services minus all
variable expenses = the fixed expenses & add'l revenue will start creating a
profit for the business
OSHA Right Ans - *Procedures for reporting a file
* Evacuatin procedures during emergency
*fire extinguisher locations
* Emergency contacts & info
* Designated meeting location
* Staff assignments & responses
, **Revenue Per Visit (RPV) Calculated Right Ans - Review payor contracts =
Toal amount collected ./. total # pt visits
**Days in A/R formula Right Ans - total A/R ./. (total charges ./. total days
in A/R
(i.e. $558039 ./. ($700,00 ./. 60)
Medical Necessity Right Ans - Most important criteria for E&M
Days in A/R Right Ans - How long it takes to collect a charge. Good is less
than 40 days
**Days in A/R forumula Right Ans - Total A/R ./. Total charges ./. # of days
for charges
Assests = Right Ans - liabilities & equity
Assests Right Ans - If assests are higher than liabilites, that's a good thing
**Net Collection Rate Right Ans - Total Receipts - Refunds ./. Total Charges
- Contractual Adj
Bad Deb Ratios Right Ans - Total bad debt for period ./. total charges for
period
Denials Report & Denials Rate Right Ans - Total # of denials ./. total claims
submitted
*LLC Right Ans - Limited Liaiblity Company - unlimited owners & limit the
am't of taxes
*Disaster Recovery Planning Right Ans - Should include prevention,
detection & correction
*Pod Right Ans - Has nurses, exam rooms & physicians offices all located in
the same area
– Questions And Answers
*Efficiency Right Ans - Process & doing things right
*Effectiveness Right Ans - Outcomes & doing the right thing
Accural Accounting Right Ans - Records revenues when they are earned &
expenses when they have been accrued. Provides a more accurate reflection of
your current financial situation
Cash Based Accounting Right Ans - Recognizes revenue only when cash is
collected & expenses when cash is paid. Provides a truer reflection of actual
cash on hand & requires less reconciliation
Chart of Accounts Right Ans - Lists all potential accounts for all financial
information (income, expenses, assets, liabilities, equities
Income Statement Right Ans - Records all revenues & expenses associated
with the business for a specified time. Summary of a company's profit or loss
during a given period
Balance Sheet Right Ans - Snapshot of buisness' financial condition at
specific time. Includes values for assets, liabilities & stockholders equity
Cash Flow Statement Right Ans - Financial statement used to maintain
awareness of funds (cash available) to support ongoing business operations
Break Even Point Right Ans - Point where revenues for services minus all
variable expenses = the fixed expenses & add'l revenue will start creating a
profit for the business
OSHA Right Ans - *Procedures for reporting a file
* Evacuatin procedures during emergency
*fire extinguisher locations
* Emergency contacts & info
* Designated meeting location
* Staff assignments & responses
, **Revenue Per Visit (RPV) Calculated Right Ans - Review payor contracts =
Toal amount collected ./. total # pt visits
**Days in A/R formula Right Ans - total A/R ./. (total charges ./. total days
in A/R
(i.e. $558039 ./. ($700,00 ./. 60)
Medical Necessity Right Ans - Most important criteria for E&M
Days in A/R Right Ans - How long it takes to collect a charge. Good is less
than 40 days
**Days in A/R forumula Right Ans - Total A/R ./. Total charges ./. # of days
for charges
Assests = Right Ans - liabilities & equity
Assests Right Ans - If assests are higher than liabilites, that's a good thing
**Net Collection Rate Right Ans - Total Receipts - Refunds ./. Total Charges
- Contractual Adj
Bad Deb Ratios Right Ans - Total bad debt for period ./. total charges for
period
Denials Report & Denials Rate Right Ans - Total # of denials ./. total claims
submitted
*LLC Right Ans - Limited Liaiblity Company - unlimited owners & limit the
am't of taxes
*Disaster Recovery Planning Right Ans - Should include prevention,
detection & correction
*Pod Right Ans - Has nurses, exam rooms & physicians offices all located in
the same area