The Key to Allocating Overhead Costs Is the Determination of the ____

question 22

Multiple Choice

The key to allocating overhead costs is the determination of the ____.

• A) overhead
• B) cost driver
• C) direct labor
• D) product cost

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Definitions:

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.

Standard Claim Form

A predefined and universally accepted document used to file a claim with health insurance providers, detailing services rendered and corresponding costs.

CMS-1500

A standardized form used for submitting provider services for insurance billing in the United States.