Real Time Claims Adjudication (RTCA)allows Instant Adjudication of an Insurance

question 53

True/False

Real Time Claims Adjudication (RTCA)allows instant adjudication of an insurance claim.

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Definitions:

Income Statement

A financial report that shows a company’s revenues, expenses, and profit over a specified period of time.

Business Users

Individuals or entities that utilize information, services, or products for business purposes, as opposed to personal use.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, presented in a structured manner for easy understanding.

Corporation

A legal entity recognized by law as separate from its owners, with the ability to own assets, incur liabilities, and sell shares.