Medical Billing, Coding, and Insurance-
Chapter 1 Exam Questions and Answers
(Latest Update 2026)
Cash Flow -
correct answer ✅movement of monies into or out of a business.
Accounts Receivable (AR) -
correct answer ✅monies owed to a medical practice.
Accounts Payable (AP) -
correct answer ✅a practice's operating expenses.
Revenue Cycle Management (RCM) -
correct answer ✅process of making sure sufficient monies flow
into the practice to pay the practice's bills.
Health Information Technology (HIT) -
correct answer ✅computer information systems that record, store,
and manage patient information.
Practice Management Programs (PMPs) -
correct answer ✅account software used for scheduling
appointments, billing, and financial record keeping.
, Medical Billing, Coding, and Insurance-
Chapter 1 Exam Questions and Answers
(Latest Update 2026)
Electronic Health Record (EHR) -
correct answer ✅computerized lifelong healthcare record for an
individual that incorporates data from all sources.
PM/EHR -
correct answer ✅software program that combines both a PMP and
an EHR into a single product.
Medical Insurance -
correct answer ✅financial plan that covers the cost of hospital and
medical care.
Policyholder -
correct answer ✅person who buys an insurance plan.
Health Plan -
correct answer ✅individual or group plan that provides or pays for
medical care.
Benefits -
correct answer ✅health plan payments for covered services.
Chapter 1 Exam Questions and Answers
(Latest Update 2026)
Cash Flow -
correct answer ✅movement of monies into or out of a business.
Accounts Receivable (AR) -
correct answer ✅monies owed to a medical practice.
Accounts Payable (AP) -
correct answer ✅a practice's operating expenses.
Revenue Cycle Management (RCM) -
correct answer ✅process of making sure sufficient monies flow
into the practice to pay the practice's bills.
Health Information Technology (HIT) -
correct answer ✅computer information systems that record, store,
and manage patient information.
Practice Management Programs (PMPs) -
correct answer ✅account software used for scheduling
appointments, billing, and financial record keeping.
, Medical Billing, Coding, and Insurance-
Chapter 1 Exam Questions and Answers
(Latest Update 2026)
Electronic Health Record (EHR) -
correct answer ✅computerized lifelong healthcare record for an
individual that incorporates data from all sources.
PM/EHR -
correct answer ✅software program that combines both a PMP and
an EHR into a single product.
Medical Insurance -
correct answer ✅financial plan that covers the cost of hospital and
medical care.
Policyholder -
correct answer ✅person who buys an insurance plan.
Health Plan -
correct answer ✅individual or group plan that provides or pays for
medical care.
Benefits -
correct answer ✅health plan payments for covered services.
