Homework Answers
ANSWER
1.TRUE. The primary objective of A/R management to maximize the amount of time
an account is outstanding.
2. TRUE. The financial stability of the hospital is highly dependable on maintaining a
positive cash flow the hospital must maintain a steady flow of revenue to cover the
expenses required to provide patient care services.
3. TRUE. Outstanding accounts are aged based on the number of days the account is
outstanding from the date the claim or statement is sent.
4.TRUE.Reasons for pending claims include incorrect or missing patient identification
number,missing diagnosis or procedure codes,place of service is invalid or not indicated
incorrect format for date of service or incorrect or missing provider number.
5.TRUE. Three credit and collection laws that the hospital billing professional must be familiar
with are the statue of limitations,the fair credit billing act and the fair debit collection practice
act.
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check the answers! Chapter 3 Review L = licensure Applying knowledge LO 3.1 R- Registration Write...
check the answers!
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Refer to the following financial statements
and answer the following questions
hints:-
13. cash provided (used) by operating activities, investing
activities, and financing activities. 14. cash-based net income.
15. estimate of uncollectible accounts receivable. 16. calculate
and interpret accounts receivable ratio (most recent and prior
period).
hints:-
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check the answers!
Chapter 3 Review L = licensure Applying knowledge LO 3.1 R- Registration Write for licensure, "C" for certification, and R for registration in the space provided to indicate which is applicable in the following descriptions 1. Involves a mandatory credentialing process established by law, usually at the state level. 2 Involves simply paying a fee. 3. Involves a voluntary credentialing process, usually national in scope, most often sponsored by a private sector group. 4. Required of all...
Refer to the following financial statements
and answer the following questions
hints:-
13. cash provided (used) by operating activities, investing
activities, and financing activities. 14. cash-based net income.
15. estimate of uncollectible accounts receivable. 16. calculate
and interpret accounts receivable ratio (most recent and prior
period).
hints:-
2:12 PM Wed Apr 15 39%). A 51.04cdn.com PART II NIKE, Inc. Consolidated Statements of Income in mWors, except per share data) Revenues Cost of sales Gross profit Demand creation expense Operating overhead...
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