Each HCPCS Code Is Assigned to Only One Ambulatory Payment

question 14

True/False

Each HCPCS code is assigned to only one Ambulatory Payment Classification (APC), however there can be an unlimited number of APCs per encounter for a single beneficiary.

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Definitions:

Productive Facilities

Physical locations such as factories or offices where economic goods are produced or services are provided, utilizing labor, machinery, and equipment.

Land Improvements

Enhancements to a plot of land such as landscaping, parking lots, and fences that add value but are subject to depreciation.

Land Account

A financial ledger entry that represents the value of land owned by an entity.

Salvage Value

The estimated resale value of an asset at the end of its useful life, often considered in depreciation calculations.