The Overall Purpose of HIPAA Transactions and Code Set Rules

question 56

Short Answer

The overall purpose of HIPAA transactions and code set rules is to:
A)require that all claims be submitted in exactly the same electronic format.
B)limit the number of methods that can be used for file encryption.
C)standardize the electronic exchange of protected health information (PHI).
D)authorize certain organizations to act as claims clearinghouses.

• A)require that all claims be submitted in exactly the same electronic format.
• B)limit the number of methods that can be used for file encryption.
• C)standardize the electronic exchange of protected health information (PHI).
• D)authorize certain organizations to act as claims clearinghouses.

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Definitions:

Transfer Price

The price charged for goods, services, or intellectual property transferred between divisions within the same company.

Producing Departments

Departments or divisions within an organization directly involved in producing the goods or services offered to customers.

Fixed Costs

Costs that do not change with the level of production or sales activity within a certain range and period, such as rent, salaries, and insurance.

Cafeteria

A type of food service location within an institution where customers serve themselves from a variety of dishes made available.