When an Insurance Claim for Payment of the Provider's Services

question 57

True/False

When an insurance claim for payment of the provider's services is generated,the diagnosis itself does not appear on the claim-only the code appears.

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Definitions:

Net Operating Income

A measure of a company's profitability excluding interest and tax expenses.

Operating Income

This is the profit realized from a business's operations, calculated by subtracting operating expenses from gross profit.

Total Contribution Margin

The difference between total sales revenue and total variable costs, indicating the amount available to cover fixed expenses and generate profit.

Operating Leverage

A measure of how sensitive net operating income is to a given percentage change in revenue, indicating the proportion of fixed versus variable costs.