Exam Study Questions With Answers Graded A+

What is the net A/R? {Ans: The balance sheet divided by average daily net patient service revenue from the income statement}Who is eligible for Medicaid? {Ans: Low income families, qualified pregnant women and children and individuals receiving supplemental security income}What is a secured creditor? {Ans: A creditor who holds some monetary assurance of payment of debt. These creditors have the first right to payment}What are the sixteen elements of the corporate compliance program? {Ans: 1. Self-reporting: self-reporting may preempt or mitigate the need for sanctions 2. Corporate culture: a culture that encourages identification of potential or actual violations 3. Full support of the highest level of personnel and making a compliance officer 4. oversight of personnel by high-level personnel 5. Written procedures that promote the organizations' commitment to compliance 6. Development and implementation of a regular, comprehensive training and education program 7. Maintenance of a hotline or other mechanism to receive anonymous communications regarding potential compliance issues 8. Employment of excluded individuals 9. Reasonable methods to achieve compliance with standards 10. Established compliance standards and procedures 11. Written communication standards and procedures 12. An effective plan to communicate the above written standards and procedures internally to