JIT Purchasing Facilitates Reduction in _____________ and the Associated _____________

question 44

Multiple Choice

JIT purchasing facilitates reduction in _____________ and the associated _____________ costs.

• A) the cost of materials / storage
• B) the cost of shipping / holding
• C) the cost of inventory / storage
• D) inventory levels / materials'
• E) inventory levels / inventory holding

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Definitions:

Downcoding

The insurance carrier bases reimbursement on a code level lower than the one submitted by the provider.

Insurance Carrier

A company that provides insurance policies to individuals or entities, offering financial protection against losses.

HCPCS Code

Stands for Healthcare Common Procedure Coding System, used for coding healthcare procedures, services, and equipment for billing purposes.

Add-on Code

In computing or healthcare billing, a code that indicates an additional service was performed beyond the primary service.