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2024 HFMA CRCR Set Complete Questions & Answers (Solved) 100% Correct

2024 HFMA CRCR Set Complete Questions & Answers (Solved) 100% Correct

1. Define Revenue Cycle
Answer: REVENUE CYCLE ----- is the series of events and services provided prior
to, during, and after the course of treatment
2. Departments that contribute to the Revenue Cycle.
Answer: Departments that con- tribute to the Revenue Cycle.
1. Access
2. Health information management/ Medical records
3. Case-management
4. Patient Care Services
5. Patient Financial Services
3. What led the creation of revenue management services?
Answer: The emphasis on the revenue cycle hasresulted in the need to organize its
components differently and created a new business unit known as revenue integrity
or revenue management services.
4. Benefit of Electronic transactions?
Answer: Electronic transactions." Transactions are associated with revenue capture
and collection activities. The implementation of electronic data interchange (EDI)
allows actions previously conducted by telephone/ manual methods to be performed
electronically ( improves workflow).
5. 5010 Transaction Set Function?
Answer: 5010Transaction Set new transaction processing system with new transaction standards.These standards will:
a. Offer healthcare providers enhanced information.
b. Require providers to provide payers with additional data to facilitate claim payments.
6. 6 Transactions associated with the revenue cycle include:
Answer: 6 Transactions associated with the revenue cycle include:
a. Claim/Encounter (837-I, 837-P, 837-COB, 837-P COB, NCPD).
b. Remittance (835).
c. Claim Status Inquiry/Response (276/277).

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"Welcome to ExamNavigator - your perfect study assistant! Here you will find cheat sheets, study materials, exams, quizzes, tests, and notes to prepare for exams and study successfully. Our store offers a wide selection of materials on various subjects and difficulty levels, created by experienced teachers and checked for quality. Our cheat sheets are an easy and quick way to remember key points and definitions. And our study materials, tests, and quizzes will help you absorb the material and prepare for exams. Our store also has notes and lecture summaries that will help you save time and make the learning process more efficient.

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2024 HFMA CRCP ( Certified Revenue Cycle Representative) ( HFMA CRCP Version 1- 4 + Study Guide ) New Full Questions and Answers ( Included ) 100% Correct
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