Match Each Type of Information Found on an Explanation of Benefits

question 15

Multiple Choice

Match each type of information found on an Explanation of Benefits (EOB) form with its definition.
-Code and brief description of the health-related service a patient received from a provider

• A)patient
• B)insured ID number
• C)claim number
• D)type of service
• E)date of service
• F)charge
• G)not allowed amount
• H)coinsurance co-payment amount

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Definitions:

Vertical Analysis

A financial statement analysis method where each line item is listed as a percentage of a base figure within the statement, facilitating comparisons.

Current Liabilities

Current liabilities are financial obligations a company owes and is expected to pay within a year.

Working Capital

The excess of the current assets of a business over its current liabilities.

Current Assets

Assets that are expected to be converted into cash, sold, or used up within one year or within the business's operating cycle.