Certified Revenue Cycle Representative - CRCP exam 2023 with 100% correct answers

Patients considered scheduled recurring/series patients Which option is NOT a type of denial. Contractual adjustment Which option is NOT a lien type? Subrogation Which Items are required components of a financial assistance policy? Concise statement of the hospital's mission Guidelines for bad debt or previous unpaid accounts Installment arrangement guidelines Payment Methods A clearly defined financial assistance statement Which activity is not considered when initiating self-pay follow up and account resolution activities? Patient Open Balance Billing Which option is NOT a required component of a FAP? Out of Network Providers Match the title to the appropriate consumer credit protection act component. Truth in lending act - Title 1 Restrictions on garnishment - Title III Fair debt collections practices act - Title VIII Fair credit reporting Act - Title VI Which is not a bankruptcy type governed by thee 1979 bankruptcy act? Creditor priority Which evaluation criteria demonstrates reputation expectations? The employment of staff who have documented experience working in financial areas of health care. Agency fees are: The cost to the provider for collecting agency monies offset by the return on baddest accounts. The correct way to handle the retention and payment of agency fees is? Follow the contractual agreement between the agency and the provider as to how monies sent to the agency will be handled. Patient Relations Include? The ability to sensitively deal with patients or individuals while managing collection efficiency. Collection agency reports should be provided: In at least two formats regarding accounts assigned on a routine basis. Collection results are: Accurately calculated to demonstrate the actual recovery percentage rate. Which option is NOT a HFMA best practice. Coordinate the resolution of bad debt accounts with a law firm. T or F: The following statement represents an advantage of outsourcing: Access to qualified staff. True or T T or F: The following statement represents an advantage of outsourcing: Vendors absorbs some financial risk based on "efficiency" factor True of T