Modifier Use and Reporting Is Consistent Among All Insurance Carriers

question 8

True/False

Modifier use and reporting is consistent among all insurance carriers and medical programs.

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Definitions:

Cash Only Credit Policy

A credit policy where a company does not extend credit and only accepts cash payments.

Net 30 Policy

A payment term used in business transactions that requires payment to be made in full within 30 days of the invoice date.

Average Collection Period

The average number of days it takes for a company to receive payments owed by its customers.