"Overutilization," or Billing for Superfluous and Unnecessary Tests and Services

question 49

True/False

"Overutilization," or billing for superfluous and unnecessary tests and services, is
one form of medical fraud which can be easily proven and prosecuted.

Differentiate between various types of shares and their characteristics.

Calculate and interpret key financial ratios including earnings per share and price-earnings ratio.

Understand the stages of team development and characteristics of each phase.

Learn professional communication strategies for answering calls and handling messages for others.

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Definitions:

Penalty

A punishment imposed for breaking a law, rule, or contract, which often involves paying a fine or forfeiting something.

Mark-Up

The amount added to the cost of a product or service to cover overhead and profit.

Selling Price

The amount of money for which a product is sold to the customer, after accounting for discounts, rebates, and other adjustments.

Payment

The transfer of money, or its equivalent, from one party to another in exchange for goods, services, or to fulfill a legal obligation.