Financial Management: Insurance and Billing Functions Quiz
Authored by Anna Joseph
Professional Development
University
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13 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the purpose of writing off patient charges in a medical practice?
To decrease the efficiency of the claims process
To adjust the balance to reflect no money owed
To ensure that all patients pay their bills
To increase the accounts receivable
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Why is it important for financial policies to be in writing?
To complicate the claims management process
To increase the chances of missed charges
To ensure that the practice is following a consistent process
To confuse the patients about the charges
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the purpose of using practice management (PM) software in the claims process?
To complicate the process of updating patient accounts
To track claims and payments for each encounter
To increase the chance of missed charges and payments
To decrease the efficiency of the claims process
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the purpose of insurance verification in the outpatient patient flow?
To verify the patient's age
To ensure that services provided qualify to be covered by the insurance plan
To increase the patient's out-of-pocket expenses
To decrease the efficiency of the patient check-out process
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the main focus of managed care plans?
Monitoring patients and preventive care
Increasing the cost of healthcare
Promoting unnecessary procedures
Ignoring the performance measures of providers
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the purpose of code linkage in insurance claims?
To increase the chances of claim denial
To demonstrate the relationship between a procedure and a diagnosis
To confuse the insurance carriers
To complicate the process of filing insurance claims
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the main focus of the Affordable Care Act (ACA)?
Reducing the quality of patient care
Decreasing patient input in healthcare decisions
Improving access to affordable healthcare coverage
Promoting abusive practices by healthcare insurance companies
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