2026 (174 Real Questions) | Latest Update 2026 | 100%
Correct Answers | Actual Exam Prep
1. Discuss the significance of understanding payer responsibilities in the context
of Medicare fee-for-service patients.
Understanding payer responsibilities is crucial for ensuring
compliance and accurate billing in the revenue cycle.
Payer responsibilities are irrelevant to patient experience.
Payer responsibilities only affect private insurance.
Payer responsibilities are only important for Medicaid.
2. What is the primary focus of business/organizational ethics?
Principles and standards by which organizations operate
The patient privacy standard within healthcare
An employee's actions influenced by experiences and value system
A healthcare provider's practices and principles
3. Which of the following is a TRUE statement related to improving the accuracy
of patient identification?
If the patient requires emergency admission prior to the identification
process, identification should be delayed until after admission
At least one patient identifier should be used when providing care,
treatment, or services
Patient's room number/physical location may be used as a patient
identifier.
Prior to a blood transfusion, the patient must be matched to the
, blood or blood component and order
4. Critique the following statement: To help ensure quality of billing, the
chargemaster must be updated on an ongoing basis.
This is a false statement as the chargemaster is updated only when the
services of the healthcare organization changes.
This is a true statement.
This is a false statement as the chargemaster is only updated when
prices of services change.
This is a false statement as the chargemaster is only updated on
January 1 and October 1 to get the new diagnosis and procedure
codes in the system.
5. What are the key components necessary for determining accurate pricing in
healthcare?
Service type, patient consent, insurance coverage, total estimated
charges, billing address.
Insurance coverage and benefits, service or test involved, diagnosis
and procedure codes, total estimated charges, adjudication
calculations based on the patient's benefit package.
Patient demographics, service location, insurance provider, total
charges, payment methods.
Diagnosis codes, patient history, service type, payment plans, total
charges.
6. Which program is primarily designed to assist low-income individuals and
families with healthcare coverage?
Medicare
Medicaid
, Private Insurance
Health Savings Account
7. Discuss the significance of obtaining consent in the post-services phase of
the revenue cycle.
Consent forms are primarily for legal protection, not for patient
communication.
Obtaining consent ensures that patients are informed and agree to
the services provided, which is crucial for compliance and ethical
billing practices.
Consent is only necessary before services are rendered, not after.
Consent is irrelevant to the revenue cycle management process.
8. If a healthcare organization fails to educate patients about their financial
responsibilities, what potential impact could this have on the revenue cycle?
Reduced administrative costs.
Improved patient satisfaction and quicker payments.
Increased patient confusion and potential delays in payment.
Enhanced compliance with regulations.
9. What are the two key performance indicators (KPIs) that measure the time
taken from patient discharge to billing?
Average payment time and average claim amount.
Elapsed days from discharge to final bill and elapsed days from
final bill to claim/bill submission.
Number of claims filed and number of claims paid.
Total claims submitted and total claims denied.
, 10. What legislation requires hospital emergency departments to provide
screening and evaluation of every patient, necessary stabilization treatment,
and admission to the hospital, when necessary, regardless of ability to pay?
ACA
ACO
EMTALA
meaningful use
11. Which of the following is a recognized HFMA Healthcare Dollars & Sense®
revenue cycle initiative?
Patient Financial Communications
Medical Account Resolution
Process Compliance
Healthcare Compliance Programs
12. What is the first step to determine patient's financial responsibility?
Determine the primary payer if more than one insurance plan is in
effect.
Determine preauthorization and referral requirements.
Determine if the medical condition was a pre-existing condition.
Verify patient's eligibility for insurance benefits.
13. The chargemaster is basically a list of services, procedures, room
accommodations, supplies, drugs, tests, etc. typically associated with billing
for services rendered to patients. Challenges associated with chargemaster
include:
Omission of charges, obsolete or invalid codes, and omission of
required modifiers