In Addition to the Reimbursement Process, ICD-10-CM Codes Are Used

question 54

Multiple Choice

In addition to the reimbursement process, ICD-10-CM codes are used by outside agencies to:

• A) forecast healthcare needs.
• B) conduct studies of disease trends.
• C) review costs and evaluate facilities.
• D) all of the above.

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Definitions:

Bank Service Charge

Fees charged by a bank for the maintenance of account services and other banking transactions.

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those shown on a bank statement to ensure consistency.

Subsidiary Ledger

A detailed ledger that contains all the transaction details of a specific account, which then summarizes into a general ledger.

Internal Control

The procedures and measures implemented by a company to safeguard assets, ensure accuracy in financial reporting, and comply with laws and regulations.