An Interim Period Is Generally

question 16

Multiple Choice

An interim period is generally:

• A) more than one year, but less than the life of the company.
• B) more than one year.
• C) less than one year.
• D) half of the life of the company.

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Definitions:

Insured ID Number

A unique identifier assigned to an individual covered under an insurance policy, used for identification and billing purposes.

Electronic Claims Tracking (ECT)

Computer software designed for monitoring insurance claims.

24-Hour Rolling Claims

Claims process in healthcare that involves submitting insurance claims within 24 hours of a patient's visit to ensure timely filing and potentially faster reimbursement.

UB-04 Form

A standard claim form used by hospitals, nursing facilities, and other inpatient providers to bill medical insurance plans, including Medicare and Medicaid.