Page |1
CERTIFIED REVENUE CYCLE REPRESENTATIVE
CRCR TEST 2025| BRAND NEW ACTUAL EXAM WITH
100% VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK| ACE YOUR
GRADES.
Which of the following statements are true of HFMA's Financial
Communications Best Practices - Correct Answer-The best practices were
developed specifically to help patients understand the cost of services, their
individual insurance benefits, and their responsibility for balances after
insurance, if any.
The patient experience includes all of the following except: - Correct
Answer-The average number of positive mentions received by the health
system or practice and the public comments refuting unfriendly posts on
social media sites.
Corporate compliance programs play an important role in protecting the
integrity of operations and ensuring compliance with federal and state
requirements. The code of conduct is: - Correct Answer-All of the above
Specific to Medicare fee-for-service patients, which of the following payers
have always been liable for payment? - Correct Answer-Public health
service programs, Federal grant programs, veteran affairs programs, black
lung program services and work-related injuries and accidents (worker'
compensation claims)
, Page |2
Provider policies and procedures should be in place to reduce the risk of
ethics violations. Examples of ethics violations include: - Correct Answer-All
of the above
Providers are now being reimbursed with a focus on the value of the
services provided, rather than volume, which requires collaboration among
providers.
What is the intended outcome of collaborations made through an ACO
delivery system for a population of patients? - Correct Answer-To eliminate
duplicate services, prevent medical errors and ensure appropriateness of
care.
Historically, revenue cycle has delt with contractual adjustments, bad debt
and charity deductions from gross revenue. Although deductions continue
to exist, the definition of net revenue has been modified through the
implementation of ASC 606. Developed by the Financial Accounting
Standards Board (FASB), this change became effective in 2018.
What is the new terminology now employed in the calculation of net patient
services revenues? - Correct Answer-Explicit prices concessions and
implicit price concessions
Key performance indicators set standards for A/R and provide a method for
measuring the control and collection of A/R.
, Page |3
What are the two KPIs used to monitor performance related to the
production and submission of claims to third party payers and patients
(self-pay)? - Correct Answer-Elapsed days from discharge to final bill and
elapsed days from final bill to claim/bill submission.
Consents are signed as part of the post-services process. - Correct
Answer-True
**False
Patient service costs are calculated in the pre-service process for schedule
patients - Correct Answer-**True
False
The patient is scheduled and registered for service is a time-of-service
activity - Correct Answer-True
**False
The patient account is monitored for payment is a time-of-service activity -
Correct Answer-True
**False
CERTIFIED REVENUE CYCLE REPRESENTATIVE
CRCR TEST 2025| BRAND NEW ACTUAL EXAM WITH
100% VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK| ACE YOUR
GRADES.
Which of the following statements are true of HFMA's Financial
Communications Best Practices - Correct Answer-The best practices were
developed specifically to help patients understand the cost of services, their
individual insurance benefits, and their responsibility for balances after
insurance, if any.
The patient experience includes all of the following except: - Correct
Answer-The average number of positive mentions received by the health
system or practice and the public comments refuting unfriendly posts on
social media sites.
Corporate compliance programs play an important role in protecting the
integrity of operations and ensuring compliance with federal and state
requirements. The code of conduct is: - Correct Answer-All of the above
Specific to Medicare fee-for-service patients, which of the following payers
have always been liable for payment? - Correct Answer-Public health
service programs, Federal grant programs, veteran affairs programs, black
lung program services and work-related injuries and accidents (worker'
compensation claims)
, Page |2
Provider policies and procedures should be in place to reduce the risk of
ethics violations. Examples of ethics violations include: - Correct Answer-All
of the above
Providers are now being reimbursed with a focus on the value of the
services provided, rather than volume, which requires collaboration among
providers.
What is the intended outcome of collaborations made through an ACO
delivery system for a population of patients? - Correct Answer-To eliminate
duplicate services, prevent medical errors and ensure appropriateness of
care.
Historically, revenue cycle has delt with contractual adjustments, bad debt
and charity deductions from gross revenue. Although deductions continue
to exist, the definition of net revenue has been modified through the
implementation of ASC 606. Developed by the Financial Accounting
Standards Board (FASB), this change became effective in 2018.
What is the new terminology now employed in the calculation of net patient
services revenues? - Correct Answer-Explicit prices concessions and
implicit price concessions
Key performance indicators set standards for A/R and provide a method for
measuring the control and collection of A/R.
, Page |3
What are the two KPIs used to monitor performance related to the
production and submission of claims to third party payers and patients
(self-pay)? - Correct Answer-Elapsed days from discharge to final bill and
elapsed days from final bill to claim/bill submission.
Consents are signed as part of the post-services process. - Correct
Answer-True
**False
Patient service costs are calculated in the pre-service process for schedule
patients - Correct Answer-**True
False
The patient is scheduled and registered for service is a time-of-service
activity - Correct Answer-True
**False
The patient account is monitored for payment is a time-of-service activity -
Correct Answer-True
**False
