Complete the Financial Statement Shown in the Table

question 67

Multiple Choice

Complete the financial statement shown in the table. Quarterly Financials Income statement (dollar amounts in millions) Quarter ending Mar 00 Quarter ending Dec 99 Revenue $1,323.80 $1,513.20 Cost of goods sold $460.20 $780.70 Gross profit ? ?

• A)Gross profit $863.60 $732.50
• B)Gross profit $1,784.00 $2,293.90
• C)Gross profit $873.80 $722.30

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Definitions:

Fraudulent Coding

Involves incorrect or deceptive medical coding practices intended to unjustly increase reimbursement from healthcare payers.

Code Linkage

Analysis of the connection between diagnostic and procedural information in order to evaluate the medical necessity of the reported charges. This analysis is performed by insurance company representatives.

Diagnostic

Pertaining to the identification of the nature or cause of a health problem through examination, testing, and analysis.

Procedural Information

Details or instructions regarding how to carry out specific procedures or processes, often used in a medical, technical, or administrative context.