The Method of Calculating Errors in a Coding Audit That

question 350

Multiple Choice

The method of calculating errors in a coding audit that allows for benchmarking with other hospitals, and permits the reviewer to track error by case type, is the

• A) record method
• B) benchmarking method.
• C) code method.
• D) focused review method.

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Definitions:

Mutually Exclusive

Situations or events that cannot occur at the same time; choosing one option excludes the choice of another.

Cash Flows

The total sum of money transfers both incoming and outgoing in a firm, majorly affecting its financial readiness.

Profitability Index (PI)

The present value of an investment’s future cash flows divided by its initial cost; also benefit/cost ratio.

Straight-Line Depreciation

A framework for spreading out the cost of a physical asset across its useful lifespan in identical yearly contributions.