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What Coding Classification or Nomenclature System or Systems Are Used

question 23

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What coding classification or nomenclature system or systems are used to code professional and technical services by physicians and other health care professionals for services performed in outpatient settings?


Definitions:

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is used globally.

U.S.GAAP

U.S.GAAP stands for United States Generally Accepted Accounting Principles, which are a set of accounting standards used for financial reporting in the U.S.

Accounts Receivable

Funds that customers owe a company for products or services already received but not yet paid for.

Allowance for Uncollectible Accounts

A contra-asset account that represents the amount of receivables a company does not expect to collect.

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