QUESTION: 85

Depending on a health care organization's credit terms for its trade payables, it is usually in the best interest of an organization to pay later and do not take discount.

True
False

Answer(s): B

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QUESTION: 86

Approximate interest rate is:

The annual interest rate incurred by not taking advantage of a supplier's discount offer to pay bills early.
The half year interest rate incurred by not taking advantage of a debtor's discount offer to pay bills early.
The annual interest rate incurred by taking advantage of a supplier's discount offer to pay bills late.
The annual interest rate incurred by taking advantage of a debtor's discount offer to pay bills late.

Answer(s): A

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QUESTION: 87

Which technique defines the goals, roles and responsibilities and procedures to be used at various stages in the billing process?

Investment cycle management
Revenue cycle management
Scheduling cycle management
Bill cycle management

Answer(s): B

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QUESTION: 88

Electronic billing provides an editing function called_ that reduces the number of processing errors and subsequent audits, ultimately decreasing turnaround time.

Electronic data interfaces
Claims scrubbing
Charge capture
Debugging

Answer(s): B

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Free CHFP Exam Braindumps (page: 22)

QUESTION: 85

QUESTION: 86

QUESTION: 87

QUESTION: 88