Get Solved BUSI 323 Quiz Billing and Coding

Get Solved BUSI 323 Quiz Billing and Coding


  • True or False? Governmental healthcare organizations are able to raise funds through equity investments.
  • True or False? The earnings of an investor-owned corporation can be subject to double taxation.
  • True or False? One of the advantages of a nonprofit organization compared with an investor-owned company is that the investor- owned company is subject to federal income taxes.
  • True or False? Since most hospitals are not-for-profit, they are not generally business oriented.
  • True or False? Claims editing is initiated once the claim has been submitted to the payer for payment.
  • True or False? Data in the medical record is the primary source for documenting the provision of services.
  • True or False? Medicare uses resource utilization groups III as its basis for reimbursement to home health agencies.
  • True or False? A hospital that is caring for a Medicare patient on an inpatient basis generally can increase its reimbursement by providing additional services.
  • True or False? Some benefits under Medicare Part A include hospital stays, skilled nursing care, and home health care.
  • True or False? All outpatient procedures have an assigned ambulatory payment classification code.
  • What type of firm is subject to reporting requirements and regulation by the Securities and Exchange Commission?
  • A department manager most often uses his or her hospital’s financial information for which of the following uses?
  • ICD-10-PCS codes are used to report which of the following?
  • The ICD-10-PCS code set has expanded to always include how many characters compared to the ICD-9 procedure codes, which could be three to four digits long with a decimal point placed after the second digit?
  • Which of the following is typically provided free to all beneficiaries if they have 40 or more covered quarters of Medicare employment?
  • What are primary uses of financial information?
  • Is profit maximization the same thing as shareholder wealth maximization?
  • What is the difference in the financial management responsibilities of the controller and treasurer?
  • What are the objectives of not-for-profit firms?
  • What are the primary responsibilities of the financial manager?
  • What are the three primary forms of legal business organization? What are some of the advantages and disadvantages of each form?
  • What is charge explosion?
  • What are the six stages of the revenue cycle?
  • What is meant by the “revenue cycle”?
  • What is the registration process, including the activities that comprise it?
  • What are the six elements that should be present, at a minimum, in all charge masters?
  • What are the two types of forms used for health services billing?
  • What is the main difference between the fee-for-service and capitation reimbursement methods?
  • What is the primary distinction between prospective payment and retrospective payment?

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