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Tommy, engineering manager at APC Systems, Inc., is struggling to maintain a competitive advantage in APC's marketplace. He wants to hire and retain the best staff that he can, but the best staff command high salaries. Tommy knows that high staff salaries, representing a business cost, erode his company's profitability. But he also knows that he cannot simply pass along these higher costs to his clients, because they will then start doing less business with higher-priced APC and more business with APC's lower-priced competitors. Tommy is struggling
CMS-1500 Form
A standard form used by healthcare providers to submit insurance claims to Medicare and other health insurance providers.
Authorized Person's Signature
The signature of an individual who has been officially empowered to perform a particular action or represent a certain authority.
Administrative Simplification Compliance Act (ASCA)
Identifies limited situations where paper claim forms may be submitted for payment (rather than electronic submission); signed into law on December 27, 2001, as Public Law 107-105.
CMS-1500
A standard form used in the United States to submit healthcare claims to Medicare and Medicaid, as well as many private insurers and managed care organizations.
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