Lester Infoservices Senior Process Associate Interview Questions and Answers

Q1. RCM knowledge, denials
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Q2. Previous company details and introduction
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Q1. What is the P2p cycle
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P2P cycle refers to the Procure-to-Pay cycle, which is the process of purchasing goods or services and paying for them.
• The cycle starts with identifying the need for a product or service

• Then, a purchase order is created and sent to the supplier

• The supplier delivers the goods or services and sends an invoice

• The invoice is verified and approved for payment

• Finally, payment is made to the supplier

• Examples include ordering ...read more
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Q2. What is the credit npte
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Credit note is a document issued by a seller to a buyer, indicating that a certain amount has been credited to the buyer's account.
• It is a document issued by a seller to a buyer

• It indicates that a certain amount has been credited to the buyer's account

• It is issued in case of returns, cancellations, or overpayments

• It serves as evidence of the transaction and helps in accounting and tax purposes
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Q3. What is the debit note
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A debit note is a document sent by a buyer to a seller, indicating that the buyer is returning goods or owes money to the seller.
• It is a form of communication between a buyer and a seller

• It is used to indicate that the buyer is returning goods or owes money to the seller

• It includes details such as the reason for the debit note, the amount owed, and the date of the transaction

• It is often used in business-to-business tra
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Q4. What is prepaid expenses
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Prepaid expenses are expenses paid in advance but not yet incurred or used.
• Prepaid expenses are recorded as assets on the balance sheet until they are used or expire.

• Examples of prepaid expenses include prepaid rent, insurance premiums, and subscriptions.

• They are typically amortized or expensed over the period in which they are used or consumed.

• Prepaid expenses can provide a company with a cash flow advantage by allowi...read more
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Q1. Question related medical billing
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Q1. Discuss about Ctc
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CTC stands for Cost to Company and refers to the total salary package of an employee including all benefits and perks.
• CTC includes basic salary, allowances, bonuses, and other benefits such as health insurance, retirement plans, etc.

• Employers use CTC to calculate the total cost of hiring an employee.

• CTC is different from take-home salary as it includes deductions such as taxes and other contributions.

• For example, if an...read more
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Process planning refers to the methodical approach of determining the best possible way to manufacture a product or deliver a service by considering various aspects such as resources, timelines, and methodologies involved in production or execution.

Q1. Explain about previous process
Ans. 
Implemented a new chemical process to increase efficiency and reduce waste.
• Researched and analyzed current process to identify areas for improvement

• Designed and tested new process using simulation software

• Collaborated with production team to implement changes and monitor results

• Achieved 20% increase in production output and 15% reduction in waste

• Continuously monitored and optimized process for further improvements
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Q2. Explain about my work experience
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Q3. Explain about my work standard
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Q4. Explain about my managing method
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I utilize a combination of project management tools and communication strategies to effectively manage my team and projects.
• I prioritize tasks based on deadlines and importance

• I regularly communicate with team members to ensure everyone is on the same page

• I use project management software such as Trello or Asana to track progress and assign tasks

• I adapt my management style to fit the needs and preferences of individual
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Q5. Explain about my working style
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It very sime on genral biology about cancer and body system expain . Master project

Q1. Masters project details?
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Q2. What you know abouts bosy system
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Q1. Basic induction Privious experience
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Q2. Typing test
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Q1. Tell about yourself and general questions that's all
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Q2. Tell about sales
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Sales involve the process of selling products or services to customers in exchange for money.
• Sales involve building relationships with customers

• Sales require effective communication and negotiation skills

• Sales can involve identifying customer needs and offering solutions

• Sales may include setting sales targets and developing strategies to meet them
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