10+ Cognizant Senior Executive Interview Questions and Answers

Authorization is the process of granting or denying access to resources based on identity and permissions.

• Authorization is the process of determining whether a user or system has the necessary permissions to access a resource.

• Types of authorization include role-based access control (RBAC), attribute-based access control (ABAC), and discretionary access control (DAC).

• If authorization is denied, the user or system will not be able to access the resource and may need to request ...read more

The CMS-1500 form has 33 boxes, with each box designated for specific information related to medical billing and coding.

• Box 1: Insurance Type (e.g. Medicare, Medicaid)

• Box 2: Patient's Name

• Box 3: Patient's Date of Birth

• Box 4: Insured's Name

• Box 5: Patient's Address

Component communication in Angular involves passing data between components.

• Parent to child communication using @Input decorator

• Child to parent communication using @Output decorator and EventEmitter

• Sibling component communication using a shared service

• Example: Passing data from parent component to child component using @Input() decorator

• Example: Emitting an event from child component to parent component using @Output() decorator and EventEmitter

Endorsement and policy lifecycle in insurance involves making changes to an existing policy and managing it throughout its duration.

• Endorsements are changes made to an existing insurance policy, such as adding or removing coverage, changing policy limits, or updating personal information.

• The policy lifecycle includes the issuance of the policy, endorsements, renewals, and eventual cancellation or expiration.

• Insurance companies typically have specific processes in place for ha...read more

Coding related denials can be solved by identifying root causes, implementing process improvements, and providing education to staff.

• Identify common coding errors and provide targeted training to staff

• Implement regular audits to catch coding mistakes early

• Utilize software tools to assist with accurate coding

• Collaborate with coding team to address any systemic issues causing denials

Medicare eligibility is based on age, disability status, or certain medical conditions.

• Individuals aged 65 and older are eligible for Medicare

• Individuals under 65 with certain disabilities may also qualify

• People of any age with end-stage renal disease or amyotrophic lateral sclerosis (ALS) are eligible

Property and casualty insurance provides coverage for property damage and liability risks.

• Property insurance covers damage to physical property such as homes, buildings, and personal belongings.

• Casualty insurance covers liability risks such as bodily injury or property damage caused to others.

• Examples include homeowners insurance, auto insurance, and commercial property insurance.

Cost accounting focuses on internal costs and helps in decision-making, while financial accounting focuses on external reporting and compliance.

• Cost accounting is used for internal purposes, such as determining the cost of producing a product or service.

• Financial accounting is used for external reporting to stakeholders, such as investors and regulators.

• Cost accounting helps in decision-making by providing information on the cost of different options.

• Financial accounting foll...read more

Angular and React have different life cycle methods for components.

• Angular has OnInit, OnDestroy, and ngOnChanges methods.

• React has componentDidMount, componentWillUnmount, and componentDidUpdate methods.

• These methods allow developers to control what happens at different stages of a component's life cycle.

• For example, ngOnInit in Angular is called when a component is initialized, while componentDidMount in React is called when a component is mounted to the DOM.

I have a Bachelor's degree in Business Administration and a Master's degree in Finance.

• Bachelor's degree in Business Administration

• Master's degree in Finance

SOAP note is a method used by healthcare providers to document patient encounters in a structured format.

• SOAP stands for Subjective, Objective, Assessment, and Plan.

• Subjective includes information provided by the patient, such as symptoms and concerns.

• Objective includes measurable data like vital signs and physical exam findings.

• Assessment is the healthcare provider's diagnosis or impression of the patient's condition.

• Plan outlines the treatment and follow-up care for the pat...read more

The golden rules of accounts are fundamental principles that guide the recording of financial transactions.

• The first golden rule is the Debit what comes in, Credit what goes out.

• The second golden rule is the Debit all expenses and losses, Credit all incomes and gains.

• The third golden rule is the Debit the receiver, Credit the giver.

• These rules ensure accurate and balanced accounting entries.

• For example, when a company receives cash from a customer, it is recorded as a debit t...read more

Process explanation refers to the detailed description of a particular process or system.

• Process explanation involves breaking down a complex process into smaller, more manageable steps.

• It helps to identify areas for improvement and optimization.

• Examples include explaining the process of software development or the steps involved in a manufacturing process.

Over 10 years of experience in banking industry, including roles in retail banking, corporate banking, and investment banking.

• Managed a team of relationship managers to drive sales and increase customer base

• Developed and implemented strategies to improve operational efficiency and reduce costs

• Negotiated and structured complex financing deals for corporate clients

• Analyzed market trends and provided recommendations for investment opportunities