CPPM UPDATED ACTUAL Exam
Questions and CORRECT Answers
Appointment Scheduling
Registration
Charge Capture
Billing
Denial Management
AR follow-up - CORRECT ANSWER Revenue cycle process
AR (accounts receivable) - CORRECT ANSWER The total charges entered that have not
been collected.
Formula to identify days in AR - CORRECT ANSWER Total AR (divided by)
Total Charges/# of days for charges
Income
Expenses
Assets
Liabilities
Equity - CORRECT ANSWER Most common account types in a medical office.
Recognizes revenue only when cash is collected and recognizes expenses only when cash is paid
- CORRECT ANSWER Cash-based accounting method
Recognizes revenue when earned and expenses when incurred - CORRECT
ANSWER Accrual-based accounting method
, Total of charges entered for services prior to contractual or other adjustments. - CORRECT
ANSWER Gross revenue
total of collections that is actually coming into the clinic after applying contractual adjustments
or write-offs to the gross revenue number. - CORRECT ANSWER Net revenue collections
Comparison of two financial figures - CORRECT ANSWER Ratio
All money that is owed to someone else - CORRECT ANSWER accounts payable.
All money that is owed to the practice - CORRECT ANSWER Accounts receivable
Accounting attempts to apply cost to each activity providing an accurate measure of cost and
benefit. - CORRECT ANSWER Activity Based costing (ABC)
A snapshot of a business's financial condition at a specific point in time. - CORRECT
ANSWER Balance Sheet
A summary of a practices profit or loss during any given period, such as one month, one quarter,
or one year. - CORRECT ANSWER Income statment
When reviewing payer contracts, how is the
RPV (Revenue per Visit) Calculated? - CORRECT ANSWER Total collected $ for all
Services
_______________________________________________
Number of Patient visits = RPV
composed of work value unit (wRVU) + practice expense value unit (pRVU) + malpractice
expense value unit (mRVU) - CORRECT ANSWER RVU (Relative Value Units)
Questions and CORRECT Answers
Appointment Scheduling
Registration
Charge Capture
Billing
Denial Management
AR follow-up - CORRECT ANSWER Revenue cycle process
AR (accounts receivable) - CORRECT ANSWER The total charges entered that have not
been collected.
Formula to identify days in AR - CORRECT ANSWER Total AR (divided by)
Total Charges/# of days for charges
Income
Expenses
Assets
Liabilities
Equity - CORRECT ANSWER Most common account types in a medical office.
Recognizes revenue only when cash is collected and recognizes expenses only when cash is paid
- CORRECT ANSWER Cash-based accounting method
Recognizes revenue when earned and expenses when incurred - CORRECT
ANSWER Accrual-based accounting method
, Total of charges entered for services prior to contractual or other adjustments. - CORRECT
ANSWER Gross revenue
total of collections that is actually coming into the clinic after applying contractual adjustments
or write-offs to the gross revenue number. - CORRECT ANSWER Net revenue collections
Comparison of two financial figures - CORRECT ANSWER Ratio
All money that is owed to someone else - CORRECT ANSWER accounts payable.
All money that is owed to the practice - CORRECT ANSWER Accounts receivable
Accounting attempts to apply cost to each activity providing an accurate measure of cost and
benefit. - CORRECT ANSWER Activity Based costing (ABC)
A snapshot of a business's financial condition at a specific point in time. - CORRECT
ANSWER Balance Sheet
A summary of a practices profit or loss during any given period, such as one month, one quarter,
or one year. - CORRECT ANSWER Income statment
When reviewing payer contracts, how is the
RPV (Revenue per Visit) Calculated? - CORRECT ANSWER Total collected $ for all
Services
_______________________________________________
Number of Patient visits = RPV
composed of work value unit (wRVU) + practice expense value unit (pRVU) + malpractice
expense value unit (mRVU) - CORRECT ANSWER RVU (Relative Value Units)
