Usual, Customary, and Reasonable Fees Are ____

question 16

Multiple Choice

Usual, Customary, and Reasonable fees are ____.

• A) set by hospital and physician organizations
• B) based on surveys conducted by insurance companies
• C) the lowest fees that healthcare providers will accept
• D) based on the consumer price index

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Definitions:

Third Party

An entity or individual that is not directly involved in an agreement or transaction but may be affected by its outcome.

Financial Advisor

A professional who provides expert advice on personal finance and investment decisions.

Investor

An individual or entity that allocates capital with the expectation of receiving financial returns.

Assignee

A party to whom a right or property is legally transferred.