Cham Arrival - Revenue Cycle Questions With Correct Answers

Timely and accurate capture of charges for services provides the most appropriate measurement of utilization of resources. Thus, resource management: {Ans: *Allows more timely and accurate billing and collecting, which improves net collections and cash flow. • Ensures that bills do not have to be held for late charges. • Decreases research efforts generally as questions related to duplicate charges, charge codes, and so forth are reduced}Primary Purposes of the medical record: {Ans: *To serves as the communication and continuity of care tool among physicians and other health care professionals involved in the patient's care *To furnish documentary evidence of illness and treatment *To protect the legal interests of the patient and the health care provider *To provide clinical data for research and education}Patient Access education should stress the importance of preserving the legal record and reminded that anything written as a note or comment is discoverable in any {Ans: legal proceedings.}The case management team also works directly with the finance department to {Ans: streamline the revenue cycle, improve communication with payers and institute operational efficiency and ultimately a more profitable bottom line.}Cost to Collect- {Ans: Clean Claim Rate This is the percentage of claims