Match Each Term with Its Definition

question 19

Multiple Choice

Match each term with its definition.
-Standard claim form used for billing in medical offices

• A)bartered goods
• B)claim form
• C)third-party reimbursers
• D)CMS-1500
• E)CMS-1450
• F)Explanation of Benefits (EOB) form
• G)Standard Electronic Data Interchange (EDI) Enrollment form
• H)Remittance Advice form
• I)manual insurance log
• J)signature on file
• K)assignment of benefits clause
• L)Electronic Data Interchange (EDI) transactions
• M)Administrative Simplification Compliance Act (ASCA)
• N)clearinghouse
• O)Electronic Claims Tracking (ECT) systems
• P)credit balance
• Q)secondary insurance

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Definitions:

Nominal Wages

The amount of money paid to workers before adjusting for inflation, reflecting the face value of earnings irrespective of purchasing power.

Annual Rate

A percentage that represents the growth, yield, or return of an investment or account over a one-year period.

Real Wages

The purchasing power of wages, quantifying the amount of goods and services that can be bought, accounting for inflation.

Nominal Wages

Wages paid to workers measured in current money, without adjusting for inflation or purchasing power.