Which of the Following Is the FIRST Step in the Accounting

question 11

Multiple Choice

Which of the following is the FIRST step in the accounting workflow?

• A) A computer program generates a paper or electronic claim to be sent to the insurance plan.
• B) The patient is treated and discharged.
• C) A claim is sent to the secondary insurance plan.
• D) The provider verifies patient insurance eligibility with the health plan.
• E) A bill is sent to the patient for the amount that is the patient's responsibility.

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Definitions:

Customer Payment

The transfer of funds from a customer to a business in exchange for goods or services rendered.

Total Price

The total amount of money that is required to purchase a product or service, including all taxes and fees.

Total Assets

Total assets are the aggregate of all assets owned by an individual or organization, reflecting the total resources available for use or investment.