While Coordination of Benefits (COB)does Not Occur as Often as It

question 52

Essay

While coordination of benefits (COB)does not occur as often as it once did,it is still an occasional occurrence.What two things should a health insurance professional do when this situation arises?

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Definitions:

Perpetual Inventory

Perpetual inventory is a system that continuously updates inventory records to reflect sales, purchases, and inventory levels in real-time.

Inventory Turnover

A metric indicating the frequency at which a company's stock is sold and replenished within a given timeframe.

Sales In Inventory

The quantity of goods that are available for sale in a company's inventory.

Average Daily Cost

The average cost incurred by a business or an operation calculated on a daily basis.