HFMA CRCR Study guides, Class notes & Summaries

CRCR Certification Questions and Correct Solutions 2024 Overall aggregate payments made to a hospice are subject to a computed "cap amount" calculated by - Answer -The Medicare Administrative Contractor (MAC) at the end of the hospice cap period Which of the following is required for participation in Medicaid - Answer -Meet Income and Assets Requirements In choosing a setting for patient financial discussions, organizations should first and foremost - Answer - Respect the patients priva...

CSAF Questions and Correct Solutions 2024 Contribution Margin - Answer -The difference between marginal revenue and marginal cost; Contribution margin goes toward supporting fixed costs; if it exceeds that, it goes to profit. Break-even point - Answer -Break-even point is the volume number of units when the marginal revenue covers the fixed cost opportunity; The break-even point is the level of sales volume of a product producing the exact amount of Contribution margin needed to cover fixed...

CSBI – HFMA with Correct Solutions 2024 What has changed for Healthcare Analytics? - Answer -1 - Increased computing power and storage, decrease in cost; 2 - increased abundance of data in healthcare; 3 - increase in individuals having strong competencies Big Data - Answer -Refers to the Growth in available data, massive continually increasing volume of live and stored data for analysis; and the increase in tools available for highly sophisticated ways to combine and analyze data to yie...

Finance Exam with Correct Solutions 2024 Account Fee - Answer -The amount charged by a financial institution for the services they provide in managing the account. This may also be called the monthly service fee. Automated Teller Machine (ATM) - Answer -A specialized computer used by bank customers to manage their money, for example, to get cash, make deposits, or transfer money between accounts Bad Credit - Answer -A situation in which lenders believe that, due to a borrower's poor hist...

Pre-Service activities - ANSWER-1. Requested service is screened for med necessity, health coverage/benefits verified, preauthorization obtained and estimate to patient oop costs generated within guidelines of NSA and state regulations. 2. Patient notified of financial responsibility including copayment and health plan deductibles, eligibility of financial assistance assessed. 3. Patient is scheduled 4. Encounter record is generated and patient and guarantor info is obtained and updates as ...

What is the purpose OIG work plant? - ANSWER-Identify Acceptable compliance programs in various provider setting If a Medicare patient is admitted on Friday, what services fall within the three-day DRG window rule? - ANSWER-Non-diagnostic service provided on Tuesday through Friday What does a modifier allow a provider to do? - ANSWER-Report a specific circumstance that affected a procedure or service without changing the code or its definition IF outpatient diagnostic services are provi...

HFMA CRCR EXAM ALL 170+ QUESTIONS AND CORRECT ANSWERSGRADED A+

HFMA CRCR EXAMS ,CERTIFICATION EXAMS ,STUDY GUIDE AND PRACTICE EXAMS WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED RATIONALES ANSWERS LATEST UPDATE 2024 ALREADY GRADED A+

HFMA CRCR EXAMS ,CERTIFICATION EXAMS ,STUDY GUIDE AND PRACTICE EXAMS WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED RATIONALES ANSWERS LATEST UPDATE 2024 ALREADY GRADED A+