Maintaining Optimum Cash Flow Is a Basic Fundamental Concept in All

question 10

Multiple Choice

Maintaining optimum cash flow is a basic fundamental concept in all businesses.Cash flow is impacted at the initial request for appointment and is affected by practices that include:

• A)Billing within 15 days of services
• B)Beneficiary verification of patient
• C)Timely processing of denials
• D)Identifying payment below contract rate

---

Definitions:

Foreign Corporation

A business entity that is registered and operates in a jurisdiction or country different from where it was originally incorporated.

Incorporated

The process by which a business is legally declared a corporate entity, separate from its owners.

Piercing The Veil

A legal concept that allows courts to hold shareholders or members of a corporation personally liable for the corporation's actions or debts under certain circumstances.

Nonprofit Corporation

An organization established for purposes other than making a profit, which typically benefits the public, a specific group of individuals, or the membership of the nonprofit.