Signature on File May Be Indicated on the CMS-1500 Claim

question 74

True/False

Signature on file may be indicated on the CMS-1500 claim form when a signed assignment of benefits form is retained in the patient's health record.

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Definitions:

Contribution Margin

The amount remaining from sales revenue after variable production costs are deducted, contributing to covering fixed costs and generating profit.

High-Low Method

A technique used in accounting to estimate variable and fixed costs based on the highest and lowest levels of activity.

Mixed Cost

A cost that contains both variable and fixed cost elements, making its total cost vary with changes in activity, but not proportionately.

Engineering Approach

A methodology used in problem-solving and designing solutions, which involves applying scientific and mathematical principles.