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This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.

1.

What Is Actuarial Balance?

Answer»

The difference between the summarized income RATE and the summarized cost rate over a given valuation PERIOD is the Actuarial BALANCE.

The difference between the summarized income rate and the summarized cost rate over a given valuation period is the Actuarial Balance.

2.

What Is A Challenge Of Processing Medical Bills Off Site?

Answer»

The BILLER MAY not be ABLE to CONTACT the PHYSICIAN

The biller may not be able to contact the physician

3.

Tricare Was Formerly Known As

Answer»

CIVILIAN HEALTH and Medical PROGRAM of the Uniformed SERVICES(CHAMPUS).

Civilian Health and Medical Program of the Uniformed Services(CHAMPUS).

4.

What Is Revenue Code?

Answer»

A 3-digit number used on hospital bills to tell the INSURER where the patient was when they RECEIVED treatment, or what TYPE of ITEM a patient received, is the REVENUE Code.

A 3-digit number used on hospital bills to tell the insurer where the patient was when they received treatment, or what type of item a patient received, is the Revenue Code.

5.

What Is Ancillary Care?

Answer»

Medical CARE, other than those provided by the PHYSICIAN or HOSPITAL, which are RELATED to a PATIENT’s care, are called Ancillary care.

Medical care, other than those provided by the physician or hospital, which are related to a patient’s care, are called Ancillary care.

6.

Which One Was Known As Medicare + Choice?

Answer»

PART C

Part C

7.

How Many Digits Are In A National Provider Identifier?

Answer»

10

10

8.

The Claim Form For Billing For Facility Fees Which Replaces The Ub92 Form Is The _______ Form.

Answer»

UB04

UB04

9.

Level Ii Hcpcs Codes Are Formatted As A Single Letter Followed By _________.

Answer»

FOUR NUMERIC DIGITS

Four numeric digits

10.

What Are Modifiers Used For?

Answer»

They are USED to ADD more INFORMATION about a CPT CODE

They are used to add more information about a CPT code

11.

What Could Pos Exactly Stand For In Medical Billing?

Answer»

PLACE of SERVICE

Place of Service

12.

What Does Ucr Stand For?

Answer»

USUAL, CUSTOMARY, or REASONABLE

Usual, customary, or reasonable

13.

Who Is Eligible For Medicare Part C?

Answer»

An INDIVIDUAL who is COVERED under PARTS A and B.

An individual who is covered under Parts A and B.

14.

Which Is An Agreement Made Between The Insurance Company And The Insured To Send Payments Directly To The Physician?

Answer»

ASSIGNMENT of BENEFITS

Assignment of Benefits

15.

What Is V-code?

Answer»

The ICD-9-CM CODING classification to identify health CARE for reasons other than INJURY or illness is know as V-code.

The ICD-9-CM coding classification to identify health care for reasons other than injury or illness is know as V-code.

16.

What Is Upcoding?

Answer»

An ILLEGAL practice of assigning an ICD-9 diagnosis CODE that does not agree with the PATIENT records for the purpose of increasing the reimbursement from the insurance PAYOR is called Upcoding.

An illegal practice of assigning an ICD-9 diagnosis code that does not agree with the patient records for the purpose of increasing the reimbursement from the insurance payor is called Upcoding.

17.

What Is A Clearing House?

Answer»

INTERMEDIARY between PROVIDER and INSURANCE

Intermediary between provider and insurance

18.

The Employer Identification Number Is Also Known As The:

Answer»

FEDERAL TAX IDENTIFICATION NUMBER

Federal Tax Identification Number

19.

Which Part Of Medicare Is The Drug Prescription Coverage?

Answer»

PART D

Part D

20.

With The Implementation Of Hipaa, All The Following Systems Became Mandatory Except:

Answer»

ADT

ADT

21.

Which Would You Likely Use If Billing Medicare?

Answer»

HCFA1500

HCFA1500

22.

What Is The Purpose Of An Advanced Beneficiary Notice?

Answer»

To alert a patient that Medicare MAY DENY PAYMENT for a SPECIFIC procedure or treatment.

To alert a patient that Medicare may deny payment for a specific procedure or treatment.

23.

When Submitting A Secondary Claim, What Is The Name Of The Document That Must Be Attached?

Answer»

EXPLANATION of BENEFITS

Explanation of Benefits

24.

What Is Capitation?

Answer»

A SYSTEM that pays PHYSICIANS and nurses a SET AMOUNT per enrolled patient assigned to them.

A system that pays physicians and nurses a set amount per enrolled patient assigned to them.

25.

A Type Of Health Coverage That Typically Allows A Patient To Go To Any Doctor Or Provider Without Permission Is Known As:

Answer»

Fee-for-Service

Fee-for-Service

26.

Awp Laws Are State Laws That Require Health Insurance Companies To Accept Into Their Ppo And Hmo Networks Any Provider Willing To Agree To The Insurance Company's Terms And Conditions.

Answer»

The above STATMENT is TRUE.

The above statment is True.

27.

Hospital Beds, Wheelchairs And Oxygen Equipment Would Be Considered Examples Of:

Answer»

DME

DME

28.

If A Physician Uses An Open-panel Hmo, Can They See Non-hmo Patients?

Answer»

YES, a physician uses an open-panel HMO, can they see non-HMO PATIENTS.

Yes, a physician uses an open-panel HMO, can they see non-HMO patients.

29.

In Which Month Do Commercial Insurance And Medicare Deductibles Start Each Year?

Answer»

January

January

30.

Health Insurance Claim (hicn) Is A Number Assigned By The Social Security Administration To An Individual Identifying Him/her As A _______ Beneficiary?

Answer»

Medicare

Medicare

31.

Which Of These Are Not Standard Statuses Of A Claim In A Typical Eob?

Answer»

Transition

Transition

32.

________ Billing Is When A Patient Is Charged For The Difference Between What A Doctor Bills And What The Provider And Insurance Company Agree Upon.

Answer»

Balanced

Balanced

33.

Hipaa Stands For:

Answer»

HEALTH INSURANCE PORTABILITY ACCOUNTABILITY ACT

Health Insurance Portability Accountability Act

34.

Tertiary Insurance Is Intended To Cover Gaps In Coverage The Primary And Secondary Insurance May Not Cover?

Answer»

True

True

35.

In Medical Billing, What Is The Function Of A Clearinghouse?

Answer»

It checks BILLS for ERRORS then TRANSMITS them to the INSURANCE COMPANY

It checks bills for errors then transmits them to the insurance company

36.

What Do The Cpt Codes Refer To?

Answer»

The PROCEDURES PERFORMED by a PHYSICIAN or a PRACTITIONER

The procedures performed by a physician or a practitioner

37.

What Is Cobra?

Answer»

The federal law that allows a WORKER to continue to purchase EMPLOYER paid health insurance for up to 18 months if they lose their job or your COVERAGE is otherwise terminated is KNOWN as COBRA.

The federal law that allows a worker to continue to purchase employer paid health insurance for up to 18 months if they lose their job or your coverage is otherwise terminated is known as COBRA.

38.

What Does Cob Commonly Refer To?

Answer»

COORDINATION of BENEFITS

Coordination of Benefits

39.

The Amount Paid, Often In Monthly Installments, For An Insurance Policy By The Employer Or Patient Themselves, Is The:

Answer»

Premium

Premium

40.

Which Federal Law Strengthens The Privacy Of A Patient's Phi And Allows A Patient To Review Their Medical Record?

Answer»

HIPAA

HIPAA

41.

Place Of Service Codes On Claims Are There To Define?

Answer»

The PLACE of SERVICE where SERVICES were RENDERED.

The place of service where services were rendered.

42.

Sometimes Multiple Treatments Will Fall Under One Billing Code.

Answer»

True

True

43.

What Is Effective Date?

Answer»

The date the insurance policy is set to BEGIN or when benefits or COVERED SERVICES are allowed is most COMMONLY known as the Effective date.

The date the insurance policy is set to begin or when benefits or covered services are allowed is most commonly known as the Effective date.

44.

A Patient On An Hmo Plan Typically Needs A _________ To Receive Care From A Specialist.

Answer»

referral

referral

45.

What Is Cobra Insurance?

Answer»

INSURANCE AVAILABLE to INDIVIDUALS after they BECOME UNEMPLOYED

Insurance available to individuals after they become unemployed

46.

What Is A Premium?

Answer»

The AMOUNT PAID for an INSURANCE POLICY

The amount paid for an insurance policy

47.

What Organ Is Measured In An Ekg/ecg?

Answer»

Heart

Heart

48.

What Is Dx Refer To?

Answer»

DIAGNOSIS CODE

Diagnosis code

49.

The Predetermined (flat) Fee, A Patient Usually Has To Pay On Each Office Visit Is A:

Answer»

Co-pay

Co-pay

50.

Is A Co-payment An Out Of Pocket Expense?

Answer»

Yes.A co-payment an out of POCKET EXPENSE.

Yes.A co-payment an out of pocket expense.