#1
Which healthcare payment system is based on a fixed amount for each service provided?
Fee-for-Service (FFS)
ExplanationPayment based on services rendered.
#2
What is the primary purpose of a Health Savings Account (HSA) in the context of healthcare finance?
To accumulate tax-free funds for medical expenses
ExplanationTax-advantaged savings for medical costs.
#3
In healthcare billing, what is a 'UB-04' form used for?
Hospital inpatient and outpatient billing
ExplanationBilling form for hospital services.
#4
What is a 'payer' in the context of healthcare payment systems?
Entity responsible for reimbursing healthcare expenses
ExplanationEntity paying for healthcare services.
#5
What is the role of a Health Information Management (HIM) professional in healthcare billing?
To manage patient medical records and ensure accurate coding
ExplanationManages records and coding for accuracy.
#6
What does the term 'ICD-10' refer to in healthcare billing and coding?
International Classification of Diseases, 10th Edition
ExplanationStandard diagnostic classification for billing and coding.
#7
In insurance billing, what is a 'copayment'?
A fixed amount paid by the patient for a covered healthcare service
ExplanationPatient's share of cost for a service.
#8
In the context of healthcare reimbursement, what does the term 'RBRVS' stand for?
Resource-Based Relative Value Scale
ExplanationPayment based on resources required for a service.
#9
What is the role of a Claims Adjudicator in the insurance billing process?
To assess the validity of claims and determine payment
ExplanationEvaluates claims for accuracy and reimbursement.
#10
What is the purpose of a Explanation of Benefits (EOB) statement in insurance billing?
To explain the reasons for claim denial
ExplanationDetails reasons for denied claims.
#11
In the context of healthcare reimbursement, what does 'DR' stand for in the Medicare system?
Diagnostic Related
ExplanationClassification based on diagnosis for payment.
#12
What is the purpose of the CPT (Current Procedural Terminology) codes in healthcare billing?
To describe medical procedures and services
ExplanationStandardized codes for medical procedures.
#13
In healthcare, what does the term 'DRG' stand for?
Diagnosis Related Group
ExplanationGrouping patients based on diagnosis for billing purposes.
#14
Which federal program provides health coverage for individuals aged 65 and older?
Medicare
ExplanationHealth insurance for seniors.
#15
What is the purpose of the National Provider Identifier (NPI) in healthcare billing?
To identify healthcare providers uniquely
ExplanationUnique identifier for healthcare providers.
#16
What is the purpose of a Clearinghouse in the healthcare billing process?
To process and submit electronic claims to payers
ExplanationHandles electronic claims submission.
#17
Which federal agency administers the Medicaid program in the United States?
Centers for Medicare & Medicaid Services (CMS)
ExplanationOversees Medicaid and Medicare programs.