The Relative Price of a Good

question 10

Multiple Choice

The relative price of a good

• A)reflects its price in terms of units of other goods.
• B)is its price in terms of money.
• C)is equal to the average price of the good over the last 5 years.
• D)is a measure of the relative share of the consumer's income devoted to its purchase.
• E)is always measured in current dollars.

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Definitions:

Fraudulent Coding

Incorrectly assigning medical billing codes to inflate billing or for services that were not rendered, often resulting in fraud.

Billing Practices

Procedures and policies used by healthcare providers and medical billing specialists to prepare and submit claims for healthcare services to insurers or patients.

Modifiers

In linguistics, words, phrases, or clauses that provide additional information about another word or phrase, altering its meaning. In the medical billing context, they are codes that alter the description of a procedure or service.

CPT Codes

Current Procedural Terminology codes, a set of medical codes used to describe medical, surgical, and diagnostic services to facilitate billing and documentation.