Physicians Who Are NOT Participating and NOT Accepting Assignment from Medicare

question 47

Multiple Choice

Physicians who are NOT participating and NOT accepting assignment from Medicare can charge:

• A) the usual, customary, and reasonable fee for services.
• B) no more than 115% of the nonparticipating provider Medicare Fee Schedule (MFS).
• C) the rate as shown on the nonparticipating provider Medicare Fee Schedule (MFS).
• D) no more than 110% of the nonparticipating provider Medicare Fee Schedule (MFS).

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Definitions:

Inventories

Quantities of goods in stock that are held by a business for the purpose of sale or production.

Retrospective Adjustment

An accounting practice where prior period financial statements are adjusted to reflect changes in accounting policies or correction of errors as if the new policy had always been applied.

Financial Statements

Reports that provide an overview of a company's financial condition, performance, and cash flows.

Cumulative Effect

The total change in financial statement results over a period of time due to an accounting principle change or correction of an error.