Reporting of National Codes Is _________________ on All Medicare and Medicaid

question 35

Short Answer

Reporting of National Codes is _________________ on all Medicare and Medicaid claims submitted to report professional services, procedures and supplies.

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Definitions:

Net Sales

The revenue from sales after deducting returned goods, allowances for damaged or missing goods, and any discounts allowed.

Cost Of Goods Sold

The expenditures directly associated with manufacturing goods that a company sells, consisting of materials and labor.

Departmental Gross Profit

The gross profit of a specific department within a business, calculated by subtracting the cost of goods sold from the sales revenue of that department.

Photography Department

A specialized division within a company or institution focused on photographic services, including taking, editing, and selling photographs.