Rev Cycle 2 Flashcards
An individual enrolled in Medicare who is dissatisfied with the government’s claim determination is entitled to reconsideration of the decision. This type of appeal is known as
A beneficiary appeal
A Medicare supplemental review
A payment review
A Medicare determination appeal
A beneficiary appeal
The nuanced data resulting from detailed ICD-10 coding allows senior leadership to work with physicians to do all of the following EXCEPT:
Drive significant improvements in the areas of quality and the patient experience
Embrace new reimbursement models
Improve outcomes
Obtain higher compensation for physicians
Obtain higher compensation for physicians
Duplicate payments occur:
When providers re-bill claims based on nonpayment from the initial bill submission
When service departments do not process charges with the organization’s suspense days
When the payer’s coordination of benefits is not captured correctly at the time of patient registration
When there are other healthcare claims in process and the anticipated deductibles and co-insurance amounts still show open but will be met by the in-process claims
When providers re-bill claims based on nonpayment from the initial bill submission
The Affordable Care Act legislated the development of Health Insurance Exchanges, where individuals and small businesses can
Purchase qualified health benefit plans regardless of insured’s health status
Obtain price estimates for medical services
Negotiate the price of medical services with providers
Meet federal mandates for insurance coverage and obtain the corresponding
Purchase qualified health benefit plans regardless of insured’s health status
The most common resolution methods for credit balances include all of the following EXCEPT:
Designate the overpayment for charity care
Submit the corrected claim to the payer incorporating credits
Either send a refund or complete a takeback form as directed by the payer
Determine the correct primary payer and notify incorrect payer of overpayment
Designate the overpayment for charity care
EFT (electronic funds transfer) is
An electronic claim submission
The record of payments in the hospital’s accounting system
An electronic confirmation that a payment is due
An electronic transfer of funds from payer to payee
An electronic transfer of funds from payer to payee
Revenue cycle activities occurring at the point-of-service include all of the following EXCEPT:
The monitoring of charges
The provision of case management and discharge planning services
Providing charges to the third-party payer as they are incurred
The generation of charges
Providing charges to the third-party payer as they are incurred
Medicare beneficiaries remain in the same “benefit period”
Up to hospitalization discharge
Until the beneficiary is “hospitalization and/or skilled nursing facility-free” for 60 consecutive days
Each calendar year
Up to 60 days
Until the beneficiary is “hospitalization and/or skilled nursing facility-free” for 60 consecutive days
Key Performance Indicators (KPIs) set standards for accounts receivables (A/R) and
Provide evidence of financial status
Provide a method of measuring the collection and control of A/R
Establish productivity targets
Make allowance for accurate revenue forecasting
Provide a method of measuring the collection and control of A/R
Recognizing that health coverage is complicated and not all patients are able to navigate this terrain, HFMA best practices specify that
The patient accounts staff have someone assigned to research coverage on behalf of patients
Patients should be given the opportunity to request a patient advocate, family member, or other designee to help them in these discussions
Patient coverage education may need to be provided by the health plan
A representative of the health plan be included in the patient financial responsibilities discussion
Patients should be given the opportunity to request a patient advocate, family member, or other designee to help them in these discussions
When there is a request for service, the scheduling staff member must confirm the patient’s unique identification information to
Check if there is any patient balance due
Verify the patient’s insurance coverage if the patient is a returning customer
Confirm that physician orders have been received
Ensure that she/he accesses the correct information in the historical database
Ensure that she/he accesses the correct information in the historical database
Once the price is estimated in the pre-service stage, a provider’s financial best practice is to
Explain to the patient their financial responsibility and to determine the plan for payment
Allow the patient time to compare prices with other providers
Lock-in the prices
Have another employee double check the price estimate
Explain to the patient their financial responsibility and to determine the plan for payment
What type of account adjustment results from the patient’s unwillingness to pay a self-pay balance?
Charity adjustment
Bad debt adjustment
Contractual adjustment
Administrative adjustment
Bad debt adjustment
All of the following are conditions that disqualify a procedure or service from being paid for by Medicare EXCEPT
Medically unnecessary
Not delivered in a Medicare licensed care setting
Offered in an outpatient setting
Services and procedures that are custodial in nature
Services and procedures that are custodial in nature
All of the following are forms of hospital payment contracting EXCEPT
Contracted Rebating
Per Diem Payment
Fixed Contracting
Bundled Payment
Contracted Rebating