Private Insurance Companies with Whom the Provider Does Not Have

question 35

True/False

Private insurance companies with whom the provider does not have a contractual agreement will send the check to the patient regardless of whether the patient has signed an assignment of benefits.

---

Definitions:

Accounts Receivable

Amounts due from clients to a business for received goods or services that remain unpaid.

Inventory

The total amount of goods and materials held by a company for the purpose of resale or production.

Accounts Payable

Liabilities or amounts owed by a business to suppliers or creditors for goods and services received but not yet paid for.

Independent Audit

An evaluation performed by an external entity to examine the accuracy and fairness of a company's financial statements.