An Appliance, Apparatus, or Product Intended for Use in Assisting

question 44

Multiple Choice

An appliance, apparatus, or product intended for use in assisting or treating a patient is sometimes covered by insurance and is billed as:

• A) durable medical equipment (DME).
• B) pharmaceuticals.
• C) office supplies.
• D) surgical supplies.

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Definitions:

(Paid-In) Capital

The amount of money that a company has received from shareholders in exchange for stock.

Stockholders

Individuals or entities that own shares in a corporation, giving them certain rights and potential for profits based on the company's performance.

Accounts Payable

The amount of money that a company owes to its creditors or suppliers for goods and services that have been received but not yet paid for.

Medical Office

A workspace or facility where health care providers, medical professionals, and administrative staff perform clinical and administrative duties related to patient care.