Certified Revenue Cycle Representative (CRCR) Practice Exam

What should be done with checks after they are endorsed in the daily reconciliation process?

1. File them for records

2. Prepare the bank deposit for all payments

3. Return them to the patient

4. Send them to the insurer

The correct answer is: Prepare the bank deposit for all payments

In the daily reconciliation process, after checks are endorsed, it is essential to prepare the bank deposit for all payments. This step is critical because it ensures that all received payments are accurately accounted for and deposited into the bank. By preparing the bank deposit, the organization can maintain proper cash flow and accurately reflect the revenue in its records. This process not only aids in financial management but also facilitates a clear and organized record of transactions. Each endorsed check represents money that has been accepted by the healthcare facility, and timely deposits help to ensure that funds are available for operational needs. While other options may involve handling checks, they do not align with the established process for dealing with endorsed checks in this context. Filing checks for records may be necessary later, but it does not address the immediate next step following endorsement. Returning checks to the patient or sending them to the insurer does not pertain to standard revenue cycle operations that follow endorsement. Instead, preparing the bank deposit directly moves the financial process forward and ensures accurate tracking of cash inflow.