Which of the Following Statements About the Reimbursement of Health

question 35

Multiple Choice

Which of the following statements about the reimbursement of health services for nurses is accurate?

• A) Reimbursement for health care services can be directed only to physicians.
• B) Nurse practitioners and clinical nurse specialists are reimbursed for Medicare Part B services.
• C) Nursing care is a separate budget item in determining hospital service costs.
• D) Nursing care is reimbursed separately from medical care in outpatient settings.

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Definitions:

Cost of Goods Sold

The costs directly linked to producing a company’s sold goods, encompassing labor and materials.

Periodic Inventory System

An inventory system where updates to the inventory records are made periodically, often at the end of an accounting period, rather than after each transaction.

Cost of Goods Sold

The direct costs tied to the production of goods sold by a company, including materials and labor.

Credit Terms

Credit terms are the payment conditions set by businesses regarding when and how buyers should pay for goods or services, often specifying the period and any discount for early payment.