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This Is a Ten Digit, Intelligence-Free, Numeric Identifier Designed to Replaced

question 1120

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This is a ten digit, intelligence-free, numeric identifier designed to replaced all previous provider legacy numbers. This number identifies the physician universally to all payers. This number is issued to all HIPAA-covered entities. It is mandatory on the CMS­1500 and UB-04 claim forms.


Definitions:

Accounts Receivable Turnover

Accounts receivable turnover is a financial ratio that measures how many times a company can turn its accounts receivable into cash during a period.

Adjusting Entry

An accounting process used to allocate expenses and revenues between periods according to their occurrence and realization, ensuring that financial statements accurately reflect the financial position of a company at the end of an accounting period.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, typically including the balance sheet, income statement, and cash flow statement.

Interest Note

A promissory note that includes terms for interest payments in addition to the principal amount loaned.

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