The Updates to the Procedural Classifications of ICD-10-PCS Is Completed

question 21

Multiple Choice

The updates to the procedural classifications of ICD-10-PCS is completed by _______.

• A) AHIMA
• B) CMS
• C) NCHS
• D) AMT

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Definitions:

Breakeven Point

The point at which total cost and total revenue are equal, resulting in no net loss or gain.

Target-Return Pricing

A pricing strategy where the price is set to achieve a targeted return on investment or profit over costs.

Cost-Plus Pricing

A pricing strategy where the selling price is determined by adding a specific markup to a product's unit cost, ensuring a profit margin is achieved.

Penetration Pricing

A pricing strategy where a product is offered at a low price to gain market share quickly.