When Third-Party Payers Determine Reimbursement, They Consider UCR, Which Means

question 89

Multiple Choice

When third-party payers determine reimbursement, they consider UCR, which means :

• A) usual, customary, and reasonable charges.
• B) usual and common rates.
• C) uniform, customary reimbursement.
• D) usual and customary resources.

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Definitions:

Job Costing

A cost accounting method that accumulates costs individually for each job rather than for a set period of time.

Service Costs

Expenses associated with providing services to customers, including labor, materials, and overhead costs.

Actual Cost Analysis

The process of examining the real and total costs incurred in the production of goods or provision of services, after the fact, to ensure accurate costing and pricing.

Indirect Costs

Expenses that are not directly traceable to a product, service, or project, such as rent, utilities, and administrative salaries.