Claims Processing Involves the Verification of Medical Necessity for the Reported

question 62

Multiple Choice

Claims processing involves the verification of medical necessity for the reported procedures; this task is performed by:

• A) medical office specialists.
• B) medical directors.
• C) medical review examiners.
• D) automated claims processors.

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Definitions:

Investment

The allocation of resources, typically money, into assets or projects with the expectation of generating income or profit.

Investment Income

Earnings from assets acquired, such as dividends on shares or interest on bonds.

Equity Method

An accounting technique used to record investments in other companies, where the investment is significant but not controlling.

Stock Investments Account

An account used to record the purchases and sales of equity securities, such as shares of stock, that a company holds as investments.