Why Is the Correct Sequence of Codes on an Insurance

question 48

Multiple Choice

Why is the correct sequence of codes on an insurance claim important?

• A) To make the chronology of patient care events understood.
• B) To make the severity of disease understood.
• C) It is not important as long as the correct indicator is used for each line of service.
• D) Both a and b

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Definitions:

Labor-saving

Technologies or methods that reduce the amount of work required to produce goods or services, often leading to increased efficiency and productivity.

Competitive Firm

A company operating in a market where it has little to no influence over the price of its product or service, typically due to the presence of many other firms offering similar products.

Labor Market

The market in which individuals offer their labor for employment and employers seek to hire labor.

Inflation-adjusted Wages

Wages that have been modified to reflect the purchasing power after accounting for inflation, often to measure real income changes over time.