Last Year, a Practice's Returned Claims Were 5% of Total

question 55

Multiple Choice

Last year, a practice's returned claims were 5% of total submissions (400,000 claims) . The accuracy standards require 97.0% accuracy and you hope to see this standard applied enterprise wide for all coding. What does this standard allow for returned claims?

• A) 3.0% error rate
• B) 3.5% error rate
• C) 4.0% error rate
• D) 4.5% error rate

Analyze the roles and responsibilities of business partners in a unified venture.

Explain the significance of formal agreements and the role of a solicitor in business partnerships.

Discuss the impact of disagreements among business partners on the operations and ultimate dissolution of a business.

Identify the legal basis for profit and capital distribution among business partners during dissolution.

---

Definitions:

1st Quartile

The value below which 25% of the data falls, often used in statistics to measure the spread of a data set.

Median

The middle value of a dataset when it is ordered in ascending or descending order.

3rd Quartile

Represents the value below which 75% of the data in a data set is contained, marking the upper quartile of a data set.

Benzophenone

An organic compound used as a photoinitiator and in the manufacture of perfumes, soaps, and other products, known for its benzene ring bonded to a ketone.