Question: 1. Select the answer that best describes the difference between Cash Flows and Income Statements? a Cash flows only include Patient Revenues not revenues from

1. Select the answer that best describes the difference between Cash Flows and Income Statements?

a Cash flows only include Patient Revenues not revenues from other sources.
b Cash flows show Collected Revenues rather than Expected Revenues
c Cash flows show Profit rather than Expected Net Revenue
d Cash flows shows Expenses that must be paid rather than those that have been paid

2. In your readings about RCM and HDHPs a focus was made on the inclusion of and transparency with patients in regards to their financial liabilities. To increase collections and reduce Bad Debt which of the following would not be the best strategy?

a Copy the patients insurance card every month they are seen
b Copy the patients benefits and eligibility from their last visit
c Ask for payment before (if not an emergency) services are rendered
d Let the patient know what their deductible and other liabilities are

3. In Value Based Reimbursements, incentive payments are based on:

a Improved Safety
b All of These
c Patent Centered Measures
d Clinical Quality
e Avoiding Unnecessary Costs

4. Which two statements about an accrued income statement are true?

a Its three major sections are Operating Income, Debt and Operating Costs.
b Payroll and Payroll Taxes are almost always an accrued expense
c Supplies are shown on the income statement when they become an obligation to pay
d Supplies are shown on the income statement when paid.

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