The Term "Upcoding" Can Be Defined as Using Codes Incorrectly

question 5

True/False

The term "upcoding" can be defined as using codes incorrectly in order to obtain more reimbursement.

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Definitions:

Contingent Rentals

Rental payments that are not fixed or determined upfront but depend on the occurrence of a future event or condition.

Accumulated Amortization

The total amount of amortization expense that has been applied to a fixed asset since its purchase.

Future Minimum Lease Payments

The total amount of payments that the lessee is expected to make under the lease agreement over its term.

Direct Financing Lease

A leasing arrangement in which the lessor purchases an asset for the lessee and rents it out, with the lease payments designed to cover the original cost plus a profit margin.