10+ Senior Client Partner Interview Questions and Answers

Journal Entry is a record of financial transactions. Depreciation is the decrease in value of an asset over time. Reconciliation Statements are used to compare financial records. R2R and P2P are accounting processes.

• Journal Entry is a record of financial transactions in chronological order

• Depreciation is the decrease in value of an asset over time due to wear and tear or obsolescence

• Reconciliation Statements are used to compare financial records to ensure accuracy and identif...read more

GC and GE modifiers are used in Medicare billing to indicate the level of supervision provided by a physician.

• GC modifier is used to indicate that a service was performed under the general supervision of a physician

• GE modifier is used to indicate that a service was performed under the direct supervision of a physician

• GC modifier is used for services that do not require the physical presence of a physician

• GE modifier is used for services that require the physical presence of a...read more

Payment posting is the process of recording and reconciling payments received from patients or insurance companies.

• It involves entering payment information into the billing system

• Verifying that the payment matches the amount owed

• Applying the payment to the correct account or invoice

• Identifying and resolving any discrepancies or errors

• Examples include posting payments for medical services, rent, or utilities

An independent historian is a historian who is not affiliated with any institution or organization.

• Independent historians conduct research and write about historical events without any institutional or organizational influence.

• They may work as freelance historians or as academics who choose to work independently.

• Independent historians may have more freedom to pursue unconventional or controversial topics.

• Examples of independent historians include Howard Zinn, David McCullough...read more

Pune is my preferred location due to its pleasant climate, rich culture, and ample job opportunities.

• Pune has a moderate climate throughout the year, making it comfortable to live in.

• The city has a rich cultural heritage, with numerous historical sites and festivals.

• Pune is a hub for IT and manufacturing industries, providing ample job opportunities.

• The city has a good education system, with several renowned universities and colleges.

• Pune is well-connected to other major citi...read more

The new MDM table is designed to store master data related to customers, products, and suppliers.

• The table will have columns for unique identifiers, names, addresses, and contact information.

• It will also include columns for classification, such as customer type or product category.

• The table will be linked to other tables in the database to ensure data consistency and accuracy.

• The MDM table will be regularly updated and maintained to ensure data quality and completeness.

Adjustment reason code 51 is used for non-covered services because the service is not deemed a medical necessity.

• Adjustment reason code 51 is used when a service is not covered because it is not considered medically necessary.

• This code is often used by insurance companies to explain why they are not paying for a specific service.

• Providers may receive this code when submitting claims for services that are not deemed essential for the patient's health.

• Examples of services that ...read more

ICD coding guidelines and sequencing are essential for accurate medical coding and billing.

• ICD coding guidelines provide rules for assigning diagnostic codes to patient encounters

• Sequencing involves determining the primary diagnosis code based on the patient's condition

• Proper sequencing ensures accurate reimbursement and data analysis

• For example, in cases of pneumonia and sepsis, the primary diagnosis should be sequenced first

MDM table is a master data management table that stores key information about entities in an organization.

• MDM tables store unique identifiers for entities such as customers, products, or employees.

• They also store attributes related to these entities, such as names, addresses, and contact information.

• MDM tables help ensure data consistency and accuracy across different systems in an organization.

• Examples of MDM tables include Customer_Master, Product_Master, and Employee_Maste...read more

An out of network provider is a healthcare provider that does not have a contract with a particular health insurance plan.

• Out of network providers may result in higher out-of-pocket costs for patients

• Patients may need to submit claims themselves for reimbursement

• Examples include seeing a specialist who is not in-network with your insurance plan