Using a Clearinghouse to Transmit Electronic Media Claims ____

question 76

Multiple Choice

Using a clearinghouse to transmit electronic media claims ____.

• A) makes more paperwork than paper claims
• B) requires a greater amount of time to process claims
• C) includes data elements that are transmitted in a computer file.
• D) enables a 30-day turnaround time from submission to payment
• E) requires a translator and technology to conduct electronic data interchange

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Definitions:

Statement Of Comprehensive Income

A financial statement that includes all changes in equity during a period except those resulting from investments by and distributions to shareholders.

Net Working Capital

The difference between a firm's current assets and its current liabilities, indicating the short-term financial health and working capital efficiency of the business.

Total Assets Ratio

A financial metric that compares the value of a company's total assets to another relevant value, often used in financial analysis to gauge company size or efficiency.

Financial Position

A snapshot of a company's assets, liabilities, and equity at a specific point in time, indicating its financial health.