What Is a Wholesaler? Describe the Difference Between Merchant Wholesalers

question 177

Essay

What is a wholesaler? Describe the difference between merchant wholesalers and agents and brokers. Identify three types of limited-function wholesalers.

---

Definitions:

CMS-1500 Form

The standard claim form designed by the Centers for Medicare and Medicaid Services to submit physician services for third-party (insurance companies) payment; the standard paper claim form to bill Medicare Fee-For-Service (FFS) Contractors when a paper claim is allowed.

Medicaid

A program financed by the government in the United States offering health insurance to qualified adults with low income, kids, expectant mothers, senior citizens, and individuals with disabilities.

Federal Tax ID

A unique identification number assigned to a business or entity by the IRS for tax purposes, also known as an Employer Identification Number (EIN).

Patient's Signature

A written or digital form of consent where a patient agrees to proposed medical treatments or procedures.