ACTUAL CSPR CERTIFIED SPECIALIST PAYMENT REP (HFMA) EXAM LATEST 2024-25 COMPLETE REAL QUESTIONS AND CORRECT ANSWERS WITH RATIONALES (CORRECT VERIFIED SOLUTIONS) A NEW UPDATED VERSION

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Certified Specialist Payment Rep (HFMA)
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questions with correct answers
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Basedhonhdetailedhtimehorhactivityhstudieshwithinhahspecifichdepartmenthofhahspecific
institution.
A.hPredetermined
B.hNegotiated
C.hCustomizedhstandardsh-hANSWER>>C.hCustomizedhstandards

Whichhtypehofhcosthbehaviorhvarieshmorehorhlesshinhdirecthproportionhtohvolume?h-
ANSWER>>**A.hVariablehcost
B.hFixedhcost
C.hSemi-variablehcost
D.hSemi-fixedhcost

Thehwagehvariancehishdeterminedhby:h-
hANSWER>>A.hTheh"differencehinhthehactualhandhbudgetedhpaidhhours"htimeshtheh"budget

edhwagehrate."
B. Theh"budgetedhunitshofhservice"htimeshtheh"budgetedhlaborhhourshperhunithof
hservice"htimeshtheh"actualhaveragehwagehratehperhhour."

C. Thehvariancehinhtheh"laborhhourshperhunithofhservice"htimeshtheh"actualhunitshof
hservice"htimeshtheh"budgetedhaveragehwagehrate."

**D.hTheh"differencehinhthehbudgetedhandhactualhaveragehwagehperhhour"htimeshtheh"actual
hpaidhhours."




Thehhospitalhstaffinghforhahregularhacutehunithishanhexamplehofh-hANSWER>>**A.hSemi-
fixedhorhsteppedhvariablehcost
B.hVariablehcost
C.hFixedhcost
D.hAhfixedhcosthpattern

WhichhofhthehfollowinghishNOThahtypehofhexpensehvariance?
A.hPricehVariance
B.hVolumehVariance
C.hEfficiencyhVariance
D.hSteppedhVarianceh-hANSWER>>D.hSteppedhVariable

,Ifhahlesseehishbuildinghuphequityhinhequipmenthbeinghleased,hthehleasehis:
A.hAhcapitalhlease.
B.hAnhoperatinghlease.
C.hAhnoncancelablehlease.
D.hAhcancelatablehmonthlyhleasehagreement.h-hANSWER>>A.hAhcapitalhlease.

Contributionhmarginhis:
A. Thehdifferencehbetweenhmarginalhrevenuehandhthehbreak-evenhpoint.
B. Thehdifferencehbetweenhmarginalhrevenuehandhmarginalhcost.
C. Wherehmarginalhrevenuehequalshmarginalhcost.
D. thehpointhwherehfixedhcosthproduceshahprofit.h-
hANSWER>>B.hThehdifferencehbetweenhmarginalhrevenuehandhmarginalhcost.




Activity-basedhcostinghish-
hANSWER>>A.hAnotherhtermhforhthehproportionalhallocationhmethod

**B.hAhmethodhofhdetermininghproducthcostshusinghcosthdrivershorhactivityhmeasureshthathc
ausehindirecthcostshtohbehincurred
C.hLesshexpensivehtohdeterminehduehtohthehnecessaryhdatahcollection
D.hGenerallyhconsideredhahlesshaccuratehcostinghmethod

Thehbreak-
evenhpointhishthehlevelhofhsaleshvolumehofhahproducthproducinghthehexacthamounthofh
.
A. Contributionhmarginhneededhtohcoverhfixedhcosts
B. Incrementalhcosthneededhtohcoverhfixedhcosts
C. Contributionhmarginhneededhtohcoverhincrementalhcosts
neededhtohcover
D. Contribution hfixed
hmargin hcosts htohcoverhallhcostsh-hANSWER>>A.hContributionhmargin
hneeded




Overheadhishahcommonhtermhfor

A.hDirecthCosts
B.hVariablehCosts
C.hFixedhCosts
D.hIndirecthCostsh-hANSWER>>D.hIndirecthCosts

Arrivedhathbyhahgrouphorhassociationhofhorganizationshwithhsimilarhcharacteristicsh(for
example,hahpublishedhrelativehvaluehscale).
A.hPredetermined
B.hNegotiated
C.hCustomizedhstandardsh-hANSWER>>A.hPredetermined

Basedhonhthehhistoricalhdatahofhthehspecifichinstitutionhforhwhichhthehbudgethishintendedh -

,ANSWER>>A.hPredetermined
**B.hNegotiated
C.hCustomizedhstandards

, Whenhahhospital'shactualhpatienthcensushishgreaterhthanhbudgeted,hthehmanagementhview
shthishashfavorable.hGenerally,htheheffecthonhthehactualhexpenseshbeinghlesshthanhthehbudg
etedhamountshis:h-hANSWER>>**A.hAlsohfavorable
B.h Unfavorable
C.hMostlyhfavorable
D.hAhpositivehvolumehvariance

Whichhofhthehfollowinghishnothonehofhthehcurrenthtrendshmovinghawayhfromhthehfeehfor
servicehdeliveryhpaymenthsystem:h-hANSWER>>A.hMIPS
B.hComprehensivehCarehforhJointhReplacementh(CJR)
C.hAccountablehCarehOrganizationsh(ACO)
**D.hResourcehBasedhRelativehValuehSystemh(RBRVS)

Whichhtypehofhpaymenthmethodhishintendedhtohcoverhallhinpatienthserviceshutilizedhforheac
hhprocedureh(e.g.,hjointhreplacement)hwhilehthehbeneficiaryhishinhthehhospital?h-
hANSWER>>A.hFee-for-service

B.hPerhdiemhrate
**C.hCasehrate
D.hCapitation

Whichhonehofhthehfollowinghoptionshishahmanagedhcarehproducththathisheasyhtohevaluate?h -
ANSWER>>A.hCapitation
B.hFeehschedule
C.hCasehrate
**D.hFee-for-service

Healthcarehprovidershshouldhdevelophdifferenthmodelinghtoolshdependinghon
.h-hANSWER>>**A.hThehreimbursementhmethodhproposedhinhthehcontract.
B.hWhetherhithwillhresulthinhadditionalhbusiness.
C.hCosthestimateshforheachhscheduledhrate
D.hWhaththehcosthstructurehwouldhbe

Managedhcareharrangementshgenerallyhresulthinhproviders:h-hANSWER>>A.hReceiving,
onhaverage,hahhigherhlevelhofhreimbursement.
**B.hAssuminghgreaterhfinancialhriskhforhthehlevelhofhserviceshprovided.
C.hRelaxinghtheirhmanagementhforhthehlevelhofhserviceshprovided.
D.hBeinghfairlyhandhadequatelyhreimbursedhforhthehlevelhofhserviceshprovided.

WhichhoptionhishNOThahgeneralhcategoryhofhproviderhexcesshlosshinsurance?h-
ANSWER>>A.hPer-Person
B.hAggregate
C.hCarve-Out