Clearinghouses Process Claims in an Electronic Flat File Format, Which

question 38

Multiple Choice

Clearinghouses process claims in an electronic flat file format, which requires conversion of CMS-1500 claims data to a standard format. Providers can also use software to convert claims to an electronic flat file format, also known as a(n) __________, which is a series of fixed-length records (e.g., 25 spaces for patient's name) submitted to payers as a bill for health care services.

• A) common data file
• B) electronic media claim
• C) patient ledger
• D) source document

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Definitions:

No-Par

Refers to stock issued without a nominal or par value.

Paid-In Capital

Paid-in capital is the amount of money investors have given a company in exchange for shares of stock, representing capital provided by shareholders through the purchase of stock from the corporation.

Noncumulative

Describes dividends on preferred stock that, if not paid in the year they are due, do not accumulate and are not required to be paid in later years.

Par Value

A terminology indicating the official value of a security as outlined in the document at the time of its issue.