risk managemen ze and underst 150 Unit II Workplace Issues 2 This regulation req

Question

risk managemen ze and underst 150 Unit II Workplace Issues 2 This regulation requires that any payment plan chat is for more chan four in ents must a. Truth in Lending Act b. Equal Credit Opportunity Act c. Deficit Reduction Act d. Stark Laws e. None of the above 3. A CPT manual contains which of the following information? a. Diagnostic codes b. Procedure codes c. HCPCS codes d. Only a and b above e. None of the above 4. Co-payments should be paid a. Within 30 days of the visit. b. At the time of service c. After the insurance carrier has paid its portion. d. Never, because the provider gets enough money from the insurance carrier e. None of the above. 5. A provider may receive reimbursement in which of the following ways? a. By a client b. By an insurance carrier c. As a bonus d. All of the above e. None of che above TRUE OR FALSE T F 1.Clients are responsible only for the copayment portion of their bill T F 2. A compliance plan can help prevent charges of fraud. T F 3.Once a visit has been denied by an insurance carrier, the provider has no other options for payment. policy billed T F 4. A health-care professional may need to help a client understand his or her insuran 5. A procedure that is not clearly identified and appropriately documented canno T F CLASSROOM EXERCISES L, As a newly employed medical clinic manager, you discover that one of the providers in clinic does not follow the written collections policies and is more lenient about clients cheir bills What problem does this create for you and the other providers? 2. A provider overhears the receptionist say to a client. "well

Explanation / Answer

2. Truth in lending act is a United States federal law.

It was formed in 1968

It concerns with the informed use of consumer credits.

It requires that any payment plan that is for more then four installments must be in writing.

3. CPT manual also known as Current Procedural Terminology manual.

It is a set of medical codes.

It contains codes for medical, surgical and diagnostic procedures.

So the answer is (d)

4. Co payments are the fixed amount of money that the patient pays to the provider of medical insurance for a medical service at the time of service.

So the answer is (b)

5. The provider may receive reimbursement by a client, by an insurance carrier and as a bonus.

So the answer is (d)

True or false

1. False

2. True

3. False

4. True

5. True

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