ICD-10-PCS Is an Entirely New Procedure Classification System That Was

question 29

Multiple Choice

ICD-10-PCS is an entirely new procedure classification system that was developed by CMS for use in __________ settings only, replacing Volume 3 of ICD-9-CM.

• A) inpatient hospital
• B) outpatient hospital
• C) provider office
• D) skilled nursing facility

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Definitions:

Compounded Annually

The process where the interest earned in one period is added to the principal, and then interest in the next period is calculated on the new total.

Annual Payments

Regular payments made once a year, often related to loans, annuities, or other financial instruments.

EAR

Stands for Effective Annual Rate, which is the real return on an investment, accounting for the effect of compounding interest over a period.

Compounded Semi-Annually

Concerns the process where the interest earned on an investment is added to the principal twice a year, allowing the interest to earn interest.