Using the Information in the Table Below, Calculate the Average

question 1311

Multiple Choice

Using the information in the table below, calculate the average percentage of patients for the entire year who waited longer than an acceptable amount of waiting time. (The sample size for each month's data is 100.)

• A) 3.1%
• B) 3.6%
• C) 3.7%
• D) 4.0%

Understand the procedures and responsibilities involved in processing insurance claims.

Know the content and structure of the CMS-1500 form and its significance in secondary billing.

Comprehend the process and benefits of real-time adjudication and electronic eligibility in insurance billing.

Recognize the financial implications for patients using out-of-network services.

---

Definitions:

Rationality

A logical, step-by-step approach to decision making, with a thorough analysis of alternatives and their consequences.

Logical Approach

A method of problem solving or decision making that is based on clear, rational, coherent, and systematic principles or steps.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives.

Rational Model

A decision-making framework based on objective analysis, logical reasoning, and clear, structured steps to arrive at a decision.