Examples of Standard Code Sets Recognized Under HIPAA Include

question 100

Multiple Choice

Examples of standard code sets recognized under HIPAA include:

• A) CPT codes.
• B) HCPCS codes.
• C) ICD-10-CM codes.
• D) all of the above.

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Definitions:

Consumer Surplus

The difference between the total amount consumers are willing to pay for a good or service and the total amount they actually pay; a measure of consumer benefit.

Producer Surplus

The difference between the amount a producer is actually paid for a good compared to the minimum amount they would accept for the good.

Excess Supply

A market condition where the quantity of a commodity available for sale exceeds the quantity demanded at the current price.

Producer Surplus

The difference between what producers are willing to accept for a good or service and what they actually receive, representing their gain.