Trade Credit Is a Source of Spontaneous Financing

question 60

True/False

Trade credit is a source of spontaneous financing.

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Definitions:

Secondary Insurance

Exists when a patient is covered under more than one insurance plan; charges are first submitted to the primary carrier, and any charges not covered are then submitted to the secondary carrier.

Error on Claim Form

An error on a claim form refers to mistakes or inaccuracies found on insurance claim documents, which can lead to delays or denials in payment.

Electronically Processing

The handling or management of information using electronic devices and systems, including for tasks such as data entry, storage, or communication.