The Total Cost Transferred from the First Processing Department to the Next

question 54

Multiple Choice

The total cost transferred from the first processing department to the next processing department during the month is closest to:

• A)$623,600
• B)$638,122
• C)$614,200
• D)$569,301

Understand the importance and methods of sending claims electronically in healthcare.

Recognize and interpret the types of information found on an Explanation of Benefits (EOB) form.

Identify the CMS-1500 form as a standard for Medicare and Medicaid billing.

Learn the initial steps in completing a healthcare claim form correctly.

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Definitions:

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, famously demonstrated by Pavlov's dogs experiment.

Conditioned Response

A learned response to a previously neutral stimulus that occurs after conditioning or training.

Dependent Variable

In research, the variable that is being measured and is expected to change in response to manipulations of the independent variable.

Median

A statistical measure that represents the middle value in a given set of data when the values are arranged in ascending or descending order.