In What Year Did CMS Require State Medicaid Agencies to Use

question 100

Multiple Choice

In what year did CMS require state Medicaid agencies to use CPT codes for reporting outpatient hospital procedures as part of the Omnibus Budget Reconciliation Act?

• A) 1977.
• B) 1986.
• C) 1992.
• D) 2006.

Apply correct punctuation rules in writing, especially the use of apostrophes.

Understand the importance of avoiding dangling modifiers for clear writing.

Identify and correct tense errors in sentences.

Avoid common punctuation mistakes in business writing.

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Definitions:

Revenue

The complete sum of earnings derived from selling goods or offering services that are central to a company's core business.

Net Sales

The total revenue from sales less returns, allowances, and discounts.

Cost of Goods Sold

The straightforward costs related to the production of goods a company distributes, encompassing materials and labor expenses.

Gross Profit

The financial measure representing the difference between sales revenue and the cost of goods sold, indicating the efficiency of a company in managing its labor and supplies in production.