The Correct Coding Initiative Was Implemented to Reduce ____________________ Expenditures

question 25

Short Answer

The Correct Coding Initiative was implemented to reduce ____________________ expenditures by detecting inappropriate coding on claims.

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Definitions:

Services Provided

The act or process of delivering professional, technical, or operational assistance to customers or clients.

Recorded

The act of entering financial transactions into the accounting records of a company.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments are made, used to prepare financial statements.

Posting

The process of transferring journal entries to their respective accounts in the ledger, facilitating the organization and tracking of financial data.