To Ensure Timely Payment, Claim Status Must Be ________ and Follow-Up

question 40

Short Answer

To ensure timely payment, claim status must be ________ and follow-up done with the insurance carrier.

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Definitions:

Inflation Rate

The percentage rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

Natural Rate of Unemployment

The level of unemployment consistent with a stable rate of inflation, also seen as the equilibrium between the labor force and the number of available jobs.

Actual Inflation

The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling, as measured over a specific period.

Expected Rate of Inflation

The expected pace at which the overall price level of goods and services will increase over time.