LATEST VERSIONS 100 QUESTIONS AND
CORRECT VERIFIED ANSWERS WITH
RATIONALES (100% CORRECT) A+ GRADED
ASSURED
A 401(k)-plan option is an added benefit to an employee package. Which statement is true
regarding 401(k) plans?
a. When providing a 401(k) with a match arrangement, the employer only must contribute the
matching amount if the employee makes their initial contribution.
b. A physician owner is required to contribute the similar percentages to his employees 401(k) as
he does his own.
c. Once an employee's 401(k) plan has been matched by the employer, the employee is 100%
vested for both the employee contributed amount and the employer contributed amount.
d. A physician owner is required to match any amount put into a 401(k) by the employee. -
CORRECT ANSWER:
A common billing error is invalid or truncated ICD-10-CM codes. How can you prevent this?
a. Always use the code selected by the provider.
b. Only use codes with seven characters.
c. Make sure the code on encounter form matches the code that is billed.
d. Update the practice management system when new, deleted, and revised codes are released. -
CORRECT ANSWER: Update the practice management system when new, deleted, and revised
codes are released.
A physician assistant (PA) is hired by a cardiology practice to help see patients in the hospital.
The PA performs all the rounds and notifies the physician on call if there are any patients that
need to be seen by a physician. Is it appropriate to bill for the PA's services as incident-to?
a. No, incident-to services are not covered in a hospital setting.
,b. Yes, as long as the physician sees the patient later in the day.
c. Yes, as long as the services are consistent with an established plan of care.
d. No, the physician needs to see every patient in order to bill incident to. - CORRECT
ANSWER: No, incident-to services are not covered in a hospital setting.
A physician's office with two full-time physicians and four full-time nurse practitioners currently
has two coders on staff to perform all the coding for the practice. The coder's state they need
additional help to stay current and the physicians state they should be able to keep up with the
current staff. Where would you look to find benchmark information on how many coders should
be on staff?
I. MGMA surveys
II. OSHA compliance manual
III. The Joint Commission
IV. EMR statistics
a. I, III, and IV
b. I and IV
c. I and III
d. I, II, III, and IV - CORRECT ANSWER: MGMA surveys
The Joint Commission
??
A practice manager uses several reports to monitor the health of the practice. What report is used
to monitor the amount and type of services provided in the practice?
a. Productivity report
b. A/R aging report
c. Net collection rate report
d. Denial report - CORRECT ANSWER: Productivity report
A SWOT analysis stands for:
, a. Substantial Waste of Time
b. Strengths, Weaknesses, Options, Tasks
c. Strengths, Weaknesses, Opportunities, Threats
d. Soundness, Weaknesses, Options, Teamwork - CORRECT ANSWER:
According to the national alliance for health information technology, the difference in an EMR
and EHR is:
a. Electronic data stored in one practice versus cumulatively across more than one health care
organization
b. The total number of users in the system
c. No difference; just different ways of saying the same thing
d. One includes labs and prescriptions and the other does not - CORRECT ANSWER:
Electronic data stored in one practice versus cumulatively across more than one health care
organization
As the manager of a practice, you have been asked to work on a marketing plan. Where do you
start?
a. Place an ad in the local paper.
b. Verify the practice has the right people and culture, has good processes and systems, and
provides quality services desired by the surrounding community.
c. Train the receptionist on people skills to warmly welcome new patients.
d. Visit events in the local community and hand out a product (such as hand sanitizer) with the
practice's logo on it to create brand awareness. - CORRECT ANSWER:
Based on chart 1, what would be the revenue goal for a clinic wanting to make enough to cover
all of their costs?
a. $500,000
b. $850,000
c. $700,000
d. $350.000 - CORRECT ANSWER: $500,000