Select the Three Factors That the Coder Must Consider in the Assignment

question 54

Multiple Choice

Select the three factors that the coder must consider in the assignment.

• A)place of service
• B)patient status
• C)patient history
• D)type of service
• E)level of service

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Definitions:

Contribution Margin

This represents the amount of revenue left over after deducting variable costs, which can be used to cover fixed costs and contribute to profits.

Variable Costs

Costs that change in proportion to the level of activity of a business, such as material and labor costs.

Break-even Point

The point at which total revenues equal total costs, resulting in neither profit nor loss, indicating the minimum sales volume necessary to cover all costs.

Salary Increases

The upward adjustment or rise in an individual’s or group's pay rate, typically as a result of performance reviews, promotions, or inflation adjustments.