HFMA CHFP Online Practice Questions and Exam Preparation

HFMA CHFP Online Questions & Answers

• Question 71:

  Which of the following is NOT the terchnique that health care providers can employ to assist in collecting their payments?

  A. Decentralized collection centers
  B. Lockboxes
  C. Charge capture
  D. Wire captures
  C. Charge capture

• Question 72:

  A process that specifies in advance the preferred treatment regimen for patients with particular diagnoses is called:

  A. Retail health care
  B. Diagnosis care
  C. Complementary medicine
  D. Care mapping
  D. Care mapping

• Question 73:

  The formula to calculate the present value of an amount to be received in the future is:

  A. PV = FV ?[1 + (1+n) i]
  B. PV = FV + [1 + (1-n) n]
  C. PV = FV * [1 / (1+i) n]
  D. PV = FV / [1 / (1-n) i]
  C. PV = FV * [1 / (1+i) n]

• Question 74:

  A common mistake is to infer that because days in accounts receivables is increasing, collection are improving.

  A. True
  B. False
  B. False

• Question 75:

  A fixed-fee payment system instituted by CMS to shift the financial risk of care to the provider in the provision of outpatient services to Medicare recipients is called:

  A. Ambulatory payment classification
  B. Fixed payment services
  C. Flat fee payment provider
  D. Relative services payment system
  A. Ambulatory payment classification

• Question 76:

  Long-term debt to net assets ratios measures the proportion of assets that are financed by debt relative to those that are not.

  A. True
  B. False
  A. True

• Question 77:

  The employer set asides dollars for the employee to pay for qualified medical expenses in:

  A. Pay-for-performance account
  B. Health saving account
  C. Health Reimbursement accounts
  D. Pay-for-reporting account
  C. Health Reimbursement accounts

• Question 78:

  Interest is a payment to creditors, those who have loaned the organization funds or otherwise extended credit.

  A. False
  B. True
  B. True

• Question 79:

  Stark law sates that:

  A. Legislation enacted by HIPAA to guard against providers' ordering self-referrals for Medicare or Medicaid patients directly to any settings in which they have a vested financial interest.
  B. Legislation enacted by CMS to guard against providers' ordering self-referrals for Medicare or Medicaid patients directly to any settings in which they have a vested financial interest.
  C. Legislation enacted by CMS to guard against providers' ordering self-referrals for Medicare or Medicaid patients indirectly to any settings in which they have a vested financial interest.
  D. Legislation enacted by HIPAA to guard against providers' ordering self-referrals for Medicare or Medicaid patients indirectly to any settings in which they have a vested financial interest.
  B. Legislation enacted by CMS to guard against providers' ordering self-referrals for Medicare or Medicaid patients directly to any settings in which they have a vested financial interest.

• Question 80:

  Which of the following is NOT the step involved in calculating the days in accounts receivables ratio?

  A. Identify dollar amount of net patient revenues on the statement of operations.
  B. Divide net patient expenses by 365 to compute average net patient expenses per day.
  C. Identify the dollar amount of net patient accounts receivable on the balance sheet.
  D. Divide net patient accounts receivable by average net patient revenues per day.
  B. Divide net patient expenses by 365 to compute average net patient expenses per day.