Select the Correct Statement Regarding Code Sets and Identifiers

question 64

Multiple Choice

Select the correct statement regarding code sets and identifiers.

• A) A covered entity must use the applicable code set that is valid at the time the transaction is initiated.
• B) April 14, 2003 is the compliance date for implementation of the National Provider Identifier.
• C) CMS is responsible for updating the CPT-4 code sets.
• D) An organization that assigns NPIs is referred to as National Provider for Identifiers.
• E) HHS assigns the Employer Identification Number (EIN), which has been selected as the National Provider Identifier for Health Care.

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Definitions:

British Pounds

The currency of the United Kingdom, used as a medium of exchange within the country and sometimes beyond.

Put Option

A financial contract that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specific period.

Fair Hedge

A hedge that is accounted for at fair value, with changes in fair value recognized in earnings, to offset the exposure of an identified risk.

Foreign Currency Option

A financial contract allowing the owner to convert funds from one currency to another at a predetermined rate on a specific date, without being required to do so.