Medicare's Fee Schedule Is Based on a System Whereby Each

question 86

Multiple Choice

Medicare's fee schedule is based on a system whereby each payment value is found within a range of payments known as:

• A) OPPS.
• B) RBRVS.
• C) fee-for-service.
• D) usual, customary, and reasonable.

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Definitions:

Random Variable

A variable whose value is subject to variations due to chance.

Wait Time

The duration a person must wait before receiving a service or proceeding with an activity, often analyzed to improve efficiency in various operations.

Independent

Not influenced or controlled by others; in statistics, refers to variables that are not affected by other variables in the analysis.

Blood Types

Categories of blood based on the presence or absence of antibodies and inherited antigenic substances on the surface of red blood cells.