What Term Refers to the Process of by Which a Prescription

question 25

Multiple Choice

What term refers to the process of by which a prescription is submitted electronically to a third-party payer so that the pharmacy can find out whether it will receive reimbursement for the medication?

• A) Adjudication
• B) Bank identification number
• C) Drug utilization evaluation
• D) Patient product information

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Definitions:

Accounts Receivable

Money owed to a business by its clients for goods or services that have been delivered but not yet paid for.

Closing Entries

These are journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts and prepare the company's books for the next period.

Permanent Accounts

These are balance sheet accounts whose balances are carried over to the next accounting period, such as assets, liabilities, and equity accounts.

Income Summary Account

A temporary account used in accounting to transfer the sums of revenues and expenses at the end of an accounting period.