Match Each Term with Its Definition

question 30

Multiple Choice

Match each term with its definition.
-In many instances, this will pay most, if not all, of the balance left over from the primary insurance to your physician and will leave little out-of-pocket expenses for the patient

• 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:

Bond Quoted

The price or rate at which a bond is currently trading in the market.

Purchase Cost

The total expenditure incurred to acquire a good or service, including the purchase price and additional expenses.

Accrued Interest

Interest that has been earned but not yet received or paid out, commonly associated with bonds and loans.

Commission

Payment to an employee or to an agent for performing or helping to perform a business transaction or service.