A Remittance Advice Submitted to the Provider Electronically Is Called

question 16

Multiple Choice

A remittance advice submitted to the provider electronically is called an electronic remittance advice (ERA) , and __________.

• A) different information is included as compared with a paper-based remittance advice
• B) it contains identical information to the information on a paper-based remittance advice
• C) payers are required to increase the amount of reimbursement paid to the provider
• D) similar information is included in the exact format as a paper-based remittance advice

---

Definitions:

Total Revenue

The overall amount of money earned by a business for its products or services before any costs or expenses are subtracted.

Marginal Cost

The increase in total cost that arises from producing an additional unit of output, crucial for decision-making in production.

Short-Run Supply Curve

A graphical representation showing the quantity of goods that producers are willing to supply at different prices in the short term, when at least one input is fixed.

Business Owner

An individual or entity that possesses and oversees the operations of a company or enterprise, ensuring its functionality and aiming for its success.