Each Year the Business Office, Ancillary Departments, and Health Information

question 71

Multiple Choice

Each year the business office, ancillary departments, and health information management (HIM) department update the charges and codes for all procedures, services, and supplies. This information is entered into the computer system to create a

• A) chargemaster.
• B) encounter form.
• C) financial record.
• D) superbill.

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Definitions:

Confidence Interval

A range of values derived from sample data that is likely to contain the value of an unknown population parameter.

Sample Variance

A measure of variability or spread in a sample dataset, indicating how much the individual sample points deviate from the sample mean.

Critical Value

The threshold value that a test statistic must exceed to reject the null hypothesis in a statistical test, determined by the significance level of the test.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true, often denoted by alpha (α) and typically set at 0.05, 0.01, etc.