The Upgrade to Version 5010 Standards for Electronic Claims Submission

question 25

Short Answer

The upgrade to Version 5010 standards for electronic claims submission was required in 2012 to allow providers to submit either ___ or ___ code sets.

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Definitions:

Indirect Method

A method used in cash flow statement preparation that adjusts net income for items that affected reported net income but didn't affect cash.

Operating Activities

Activities directly related to the production, sale, and delivery of a company's goods or services, reflecting its core business operations.

Indirect Method

A way of calculating cash flows from operating activities in the cash flow statement by adjusting net income for changes in non-cash accounts.

Net Decrease

A reduction in the quantity or value of something, calculated by subtracting the final figure from the initial figure.