Other Receivables Include Nontrade Receivables Such as Loans to Company

question 160

True/False

Other receivables include nontrade receivables such as loans to company officers.

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Definitions:

CMS-1500

A standard form used in the United States to submit healthcare claims to Medicare and Medicaid, as well as many private insurers and managed care organizations.

Third-Party Reimbursers

Entities that provide payment for healthcare services on behalf of beneficiaries, such as insurance companies.

Third-Party Reimbursement

A payment system where an outside entity (the third party), not the patient nor the healthcare provider, pays for healthcare services.

Claim Form

is a document filled out to request payment or compensation from insurance for healthcare services received.