Qbss Medical Billing Executive Interview Questions and Answers

Q1. Take me through your resume
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Q2. Situation that has been in your work where you had to reduce expenses in a kpi and how u overcome it
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Q1. How will you forecast expenses for the company
Ans. 
I will forecast expenses by analyzing historical data, market trends, and budget projections.
• Analyze historical data to identify patterns and trends in expenses

• Consider market trends and economic indicators that may impact expenses

• Collaborate with department heads to gather budget projections and forecasts

• Use financial modeling techniques to predict future expenses based on various scenarios

• Regularly review and adjust
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Q2. Take me thru major financial statements and their interconnecting areas
Ans. 
Major financial statements include income statement, balance sheet, and cash flow statement, which are interconnected through net income and retained earnings.
• Income statement shows revenues and expenses, resulting in net income.

• Balance sheet displays assets, liabilities, and equity, with net income affecting retained earnings.

• Cash flow statement details cash inflows and outflows, reconciling with changes in cash on th...read more
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Q1. Why do you want to switch?
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Q2. What made u choose to apply for the company
Ans. 
I applied to the company because of its strong reputation in the industry and its commitment to innovation and employee development.
• Reputation of the company in the industry

• Commitment to innovation

• Opportunities for employee development
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Usual aptitude questions

Revers a array and string using linked list

Q1. Describe you work related to MIS
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Q2. What is Cash Flow statement
Ans. 
Cash Flow statement is a financial statement that shows the inflow and outflow of cash in a business over a period of time.
• It shows the sources of cash and how it was used.

• It is divided into three sections: operating, investing, and financing activities.

• It helps in assessing the liquidity and solvency of a business.

• Example: A company's cash flow statement shows that it received cash from customers, sold some of its inv...read more
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Q3. What is Pricing and what are the different models for it
Ans. 
Pricing refers to the process of setting a value for a product or service. There are various models for pricing.
• Cost-plus pricing

• Value-based pricing

• Penetration pricing

• Skimming pricing

• Dynamic pricing

• Freemium pricing

• Subscription pricing
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Q1. What are your strengths and weaknesses?
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Q2. Share details of your previous job.
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