One of the Recent Technological Advances That Makes Verification of Patient

question 22

Multiple Choice

One of the recent technological advances that makes verification of patient insurance eligibility easier and faster is the:

• A) digital systems locater (DSL).
• B) interactive voice response (IVR).
• C) optical character recognition (OCR) scanner.
• D) American Standard Code for Information Interchange (ASCII).

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Definitions:

Account Nature

Refers to the intrinsic characteristics of an account that determine how transactions are recorded and classified, such as whether it is an asset, liability, revenue, or expense account.

Financial Statement

Reports that quantify the financial strength, performance, and liquidity of a company during a specific period.

Normal Balance

The side (debit or credit) of an account that is expected to have a higher balance, indicating its typical increase direction.

Account Nature

Describes the classification of an account in accounting, such as asset, liability, equity, income, or expense.