An ERP System Is

question 11

Multiple Choice

An ERP system is:

• A)A complex set of computer program modules that integrate the different functional areas of the organisation.
• B)Developed around an information silo principle.
• C)A system that integrates functional and proprietary information systems in different departments in an organisation.
• D)Suitable for both large and small organisations.

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Definitions:

CMS-1450

A form used in the healthcare industry for hospital providers to bill Medicare and Medicaid programs and some private insurers.

Electronic Data Interchange (EDI) Transactions

The electronic exchange of business information in a standardized format, often used in healthcare for billing and record-keeping.

Paid Sooner

A situation where payments or financial obligations are settled or fulfilled ahead of the original schedule or due date.

Explanation of Benefits (EOB)

A document provided by insurance companies to insured individuals explaining what medical treatments and services were paid for on their behalf.