1733 Lecture & Bell Ringer Chapter 3

Which of the following represents a charge?

• revenues

• reimbursements

• expensed

• operational fees

In managerial accounting, how do department managers determine the resources their departments are using?

• fixed costs

• variable costs

• direct costs

• indirect costs

How are department budgets used in an organization?

• to estimate net worth

• 
  to forecast revenue and expenses

• to identify fixed costs

• to establish appropriate cost centers

Why do some patients receive an Advanced Beneficiary Notice (ABN) as one of the first financial communication documents shared with them?

• to outline covered expenses during emergency treatment

• to aid in understanding what is covered by commercial insurance

• to indicate their portion of the total bill for services

• to explain what may not be covered by insurance

Where would a health care provider find information on adjustments made by Medicare, secondary health plans, and expected copays and coinsurance of a patient?

• in the Medicare Summary Notice

• in the Explanation of Benefits

• 
  in the Remittance Advice

• in the Advanced Beneficiary Notice of Non-Coverage