Match Each Term with Its Definition

question 33

Multiple Choice

Match each term with its definition.
-This must be completed before submitting electronic media claims to Medicare

• 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:

Bank Reconciliation

The process of matching and comparing figures from accounting records against those shown on a bank statement to ensure accuracy and consistency.

NSF Check

A check that cannot be processed due to insufficient funds in the account it's drawn against, resulting in a non-sufficient funds status.

Debit Memo

A document issued by a buyer to a seller indicating a debit made in the seller's account, often due to returns, allowances, or discrepancies in billing.

Bank Reconciliation

Bank reconciliation is the process of matching and comparing the balances in an entity’s accounting records for a cash account to the corresponding information on a bank statement.