Which Is the Financial Record Source Document Used by Health

question 15

Multiple Choice

Which is the financial record source document used by health care providers and other personnel in a physician's office setting to record treated diagnoses and services rendered to the patient during the current visit?

• A) CMS-1500 claim
• B) explanation of benefits
• C) remittance advice
• D) superbill

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Definitions:

IFRS

The International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of financial statements globally.

GAAP

Generally Accepted Accounting Principles, which are standard guidelines and procedures for financial accounting and reporting in the U.S.

Interest Rate

The fee a lender imposes on a borrower for asset usage, represented as a proportion of the principal amount.

Note

An instrument of debt that specifies the terms under which monies are borrowed and must be repaid, including interest rates and due date.