One of the Major Obstacles in Getting a Medical Practice

question 45

True/False

One of the major obstacles in getting a medical practice set up for electronic claims submission is the time it takes to acquire approval from various state and federal agencies.

---

Definitions:

Restrictive Covenants

Clauses in contracts that restrict the actions of parties, often found in employment and property agreements to protect business interests or property use.

Bond Indentures

The legal and binding agreement between a bond issuer and the bondholders detailing the terms and conditions of the bond.

Bondholders

Individuals or institutions that hold the debt securities issued by corporations or governments, entitling them to interest payments and the repayment of principal.

Managers

Individuals responsible for overseeing and making decisions within a business to ensure its goals are met.