Which of the Following Is an Example of a Reason

question 11

Multiple Choice

Which of the following is an example of a reason why a claim would get a denial by an insurer?

• A) The patient was not eligible on the date of service
• B) A prior authorization was obtained when not needed
• C) The services were an emergency
• D) Contracted fees and payment terms were excessive

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Definitions:

Bootstrapping

Starting a business with minimal financial resources and relying on one's own efforts and funds rather than seeking significant external funding.

Customer Base

The group of customers who repeatedly purchase the goods or services of a business, representing the business's main source of revenue.

Crowdfunding

Securing capital for a project or business by requesting small financial contributions from a large group of individuals, mainly via online channels.

Product Pitch

A presentation or argument made to potential customers or investors, highlighting the benefits and value of a product.