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HFMA CRCR PRACTICE EXAM WITH 100% CORRECT ANSWER (VERIFIED ANSWERS) | LATEST UPDATE | ALREADY GRADED A+

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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 part of preregistration. 5. Cost of the scheduled service identified patients health plan benefits are used to calculate the price of the services to the patient. - includes deductible, coinsurance and or copayment amounts. Time of service ANSWER : Financial account review is completed prior to patient visit. Patient arrives at service unit where pre-registration record is activated, consents are signed, copayments and agreed upon amounts are collected.

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2023/2024
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Deeagles - Stuvia US



HFMA CRCR PRACTICE EXAM WITH
100% CORRECT ANSWER (VERIFIED
ANSWERS) | LATEST UPDATE |
ALREADY GRADED A+


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 part of preregistration.

5. Cost of the scheduled service identified patients health plan benefits are used to

calculate the price of the services to the patient. - includes deductible, coinsurance and

or copayment amounts.

Time of service

ANSWER : Financial account review is completed prior to patient visit.

Patient arrives at service unit where pre-registration record is activated, consents are

signed, copayments and agreed upon amounts are collected.

, Deeagles - Stuvia US


Positive identification is completed, and the patient is given an armband with acct

number.

Scheduled preprocessed patients report to designated express arrival desk located in

centralized area upon arrival.

Unscheduled patients - Time of Service

ANSWER : Comprehensive registration and financial processing is completed at

time of service. Mirroring scheduled patients who is OON with provider furnishing

services during their encounter all federal and state transparency and NSA provisions

are followed to provide consent to patient of their rights

Time of Service steps

ANSWER : Case management and discharge planning are provided.

Orders are entered.

Results are reported.

Charges are generated.

Diagnostic and procedural coding is completed.

ONGOING:

Monitor of charges

Managed care resolution

Patient liabilities resolution, as needed.

Ensure health plan requirements and liability calculations change - vet the changes

against fed/state guidelines. Consent and updated estimates are communicated to

patient and health plan.

Post Service

, Deeagles - Stuvia US


ANSWER : Includes the account activities that occur after the patient is discharged

until the acct reaches zero balance, such as final coding of all services, preparation and

submission of claims, payment processing and balance billing and resolution.

Best practices recognize all three critical segments of the contemporary revenue cycle.

Each segment includes a series of processes which are specifically designed to ensure

accurate data collection, consistent quality, and a high level of patient satisfaction.

Preservice - patient is scheduled and registered for service. Patients service costs are

calculated.

Time of service - Case mgmt and discharge planing services are provided. Consents

are signed.

Post Service - Bill sent electronically to

ANSWER :

Consumer Experience

ANSWER : Each segment of the revenue cycle interacts involving patients. The

key to success is establishing a clear and ever present focus on the patient.

Patient Experience

ANSWER : Patients are demanding info and choices.

Regulations are demanding price transparency. For all known charges - even those not

employed by the provider.

Expect quality - health care and financial care.

Health plans care about quality - HCACPS stars is a measure of satisfaction.

With poor scores - Medicare will be reduced.

Customer Experience

, Deeagles - Stuvia US


ANSWER : Customer service is paramount.

Empowering front line staff to provide patient focused solutions is basic component of

great patient experience.

Best practice communication strategies, scripting and training are good tactics.

Healthcare Dollars and Sense

ANSWER : HFMA revenue cycle initiatives:

Patients Financial communications best practices

Best practice for price transparency

medical account resolution

Financial Discussions

ANSWER : In ED Setting - no patient financial discussions should occur before a

patient is screened and stabilized, in accordance with local regulations governing the

ed.

Emergency med conditions

ANSWER : If medical screening determines that a patient has an emergency med

condition, the financial discussion should occur during the discharge process.

For patients who do not have emergency condition following the medical screening,

discussion may occur during registration at bedside or discharge process.

Non-emergency conditions

ANSWER : Outside ED Setting discussions may take place during registration or

discharge process in a location that does not disrupt patient flow.

If a patient consents to financial discussion during a medical encounter to expedite

discharge, best practice supports that choice.

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