The National Panel That Maintains Level II HCPCS Codes Includes

question 57

Multiple Choice

The National Panel that maintains Level II HCPCS codes includes representatives from:

• A)the Centers for Medicare and Medicaid Services (CMS).
• B)the Blue Cross/Blue Shield Association.
• C)the Health Insurance Association of America (HIAA).
• D)all of the above.

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Definitions:

Overhead Activities

Tasks or operations that incur indirect costs, which are not directly attributable to a specific product or service.

Activity Cost

The cost associated with a specific activity or process in the production or delivery of goods and services.

Activity Driver

An activity driver is a factor in activity-based costing that influences the costs of an activity, helping allocate costs more accurately to products or services.

Activity-based Costing

An accounting method that assigns costs to products or services based on the activities they require, promoting more accurate cost management.