Which of the Following Statements Is True About HIPAA Standard

question 28

Multiple Choice

Which of the following statements is true about HIPAA Standard 2?

• A) All providers must have a unique identifier number for submittal of claims for payment.
• B) All providers must have policies to secure health records from unauthorized disclosures.
• C) Protected Health Information (PHI) covers only electronic records.
• D) Protected Health Information (PHI) covers only written c records.
• E) Protected Health Information (PHI) is any written, spoken, or electronic form.

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Definitions:

Loans and Receivables

Financial assets provided to another party with the expectation of receiving repayment plus interest over a set period of time.

IFRS

International Financial Reporting Standards, a set of accounting guidelines that govern how financial statements are prepared worldwide.

GAAP

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

Impairment Losses

The decrease in an asset's net carrying value that exceeds its recoverable amount.