The New HIPAA Standards Version Addresses Many of the Deficiencies

question 3

Multiple Choice

The new HIPAA Standards version addresses many of the deficiencies in the former version and accommodates the reporting of:

• A) National provider identifiers (NPIs).
• B) the new CPT codes.
• C) the new ICD-10 codes.
• D) both a and c are correct

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Definitions:

Cash Budget

An estimate of cash inflows and outflows over a specific period, used to manage and plan for cash needs.

Minimum Cash Balance

The lowest amount of cash that a company aims to maintain in its accounts to adequately meet its operational and financial obligations.

Borrowing

The act of obtaining funds from a lender under the agreement to pay back the principal amount along with interest or other charges.

Inventory Levels

The quantities of goods and materials a company holds for the purpose of resale or production at any given point in time.