1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
expeople1 [14]
3 years ago
9

when sending a claim to the insurance company for services provided by the physician why are both ICD-10 and CPT codes required

to be submitted? What would be the result of not submitting both codes on a medical claim to the insurance company?
Business
1 answer:
SSSSS [86.1K]3 years ago
8 0

When a patient receives services from a licensed doctors, these services are recorded and assigned codes by the medical coder. ICD codes are used for diagnoses, while CPT codes are used for various treatments. The summary of these services, through these code sets, make up the bill. Medical Claim Billings are rejected when Diagnostic code (ICD-10 code) and procedure code (CPT code) are missing, not complete, or do not match to the treatment given by the physician.

You might be interested in
On January 1, 2020, Swifty Corporation granted an employee an option to purchase 15000 shares of Swifty's $5 par value common st
nalin [4]

Answer:

For 2021, should recognize compensation expense under the fair value method of $170,500

Explanation:

According to the given data we have the following:

option pricing model determines total compensation expense to be $341,000

Also, The option became exercisable on December 31, 2021, after the employee completed two years of service.

Therefore, in order to calculate the amount should recognize compensation expense we would have to make the following calculation:

amount should recognize compensation expense=$341,000/2

amount should recognize compensation expense=$170,500

For 2021, should recognize compensation expense under the fair value method of $170,500

6 0
3 years ago
5-7 Short Run versus Long Run A firm sells 1,000 units per week. It charges $70 per unit, the average variable costs are $25, an
irina1246 [14]

<u>a. The firm should carry out the activities. </u>

<u>b.The firm should carry out activities until it is covering the cost. </u>

<u>c. The firm should shut down business activities when the price of the product goes below $25 in short-run. </u>

<u>d. The firm should shut down business activities when the price of the product goes below $65 in long-run. </u>

Further Explanation:

a  

Steps taken by the firm in the long run:

The sales price of the product is $70. The total average cost of the product is $65. The firm can cover all its costs (variable and fixed) and generating a profit of $5. So it should continue to carry out its business operations in the short run.  

b.

Steps taken by the firm in the long run:

In the long run, all the costs of the firm are variable. In the current case, the fixed cost is around 60% of the total cost. So the firm should attempt to decrease this cost. If the firm can decrease the total cost, it should carry out the business activities. The firm can continue to carry out the operational activities until it is making the profit and covering all the product cost.

c.

The appropriate price for shutting down the business in the short-run:

The firm can shut down the business in the short-run when the price of the product is below $25.

In the short run, the firm can only control the variable cost. The firm can not control the fixed cost of the product. In the given case, the variable cost of the product is $25. Therefore, the firm should shut down the business when the price of the product goes below the variable cost ($25).

d.

The appropriate price for shutting down the business in the long-run:

The firm can shut down the business in the long-run when the price of the product is below $65.

In the long run, the firm can influence all the costs of the business. It can influence the variable cost and the fixed cost of the business. Therefore, it should cover the total cost of the product. Thus, the firm should shut down the business when the price of the product goes below the total cost ($65).

Learn more:

1. Learn more about the variable costing

brainly.com/question/9203162

2. Learn more about the overhead expenses

brainly.com/question/4612804

3. Learn more about the cost of the product

brainly.com/question/1757741

`

Answer details:

Grade: Senior School

Subject: Economics

Chapter: Decision making (Short-run & Long-run)

Keywords: Short Run, Long Run, sells, units, week, charges, average variable costs, average costs, long run, Why, price, consider, shutting down the long run.

6 0
4 years ago
Using __________, trained researchers ask questions, listen to and record the answers, and then pose additional questions to cla
lukranit [14]
Can be experiments or observation
8 0
3 years ago
Read 2 more answers
kane manages a used book store he reads a report advising him to stock more encyclopedias. however the report is mistaken custom
Dafna1 [17]

Kane manages a used book store he reads a report advising him to stock more encyclopedias. However the report is mistaken customers in Kane's town hardly ever buy encyclopedias. what problem could this mistake cause?

As mentioned below, if the consumers do not buy the encyclopedias, then they will lose money due to purchasing items that consumers do not want. It's necessary to not only look over reports, but understand the reports to make sure that a business is not overstocking in items that consumers are not actually in demand for. Consumers will purchase items they have a demand for and based on the reports, you can understand the items they are in demand for versus the items they will not be purchasing.

5 0
3 years ago
Read 2 more answers
Gilroy Crackers enjoys a competitive advantage as a cost leader because high demand for its products has allowed it to operate a
photoshop1234 [79]

Answer:

Explanation:

Gilroy has been enjoying a cost leadership advantage as a result of a high demand for its product in the market , which has made him to operate at a minimum efficient scale. This means that any action that disrupts the production activities of Gilroy crackers will be of great concern to the managers as demand for crackers might not be met and the cost competitive advantage lost.

One action here that could cause this is if a major storm shut down Gilroy's production for several days. Production will be affected and customers high demand might not be met as a result.

7 0
4 years ago
Other questions:
  • The ____ is a service offered by mutual funds that helps an investor earn compound interest on their investments. retirement pla
    7·1 answer
  • 2. Which of the following statements about interest is true? a. Interest is a one-time fee that you pay for lending money. b. In
    9·1 answer
  • Assume the central bank increases the quantity of money by 25%, even though the economy is initially in both short-run and long-
    7·1 answer
  • XYZ Law Firm provided services for a cllent for $5,000 cash and provided service for another for $10,000 that will pay for the s
    8·1 answer
  • Our text tells us that securing commitment from employees is only gained through good change
    8·1 answer
  • On January 1, 2019, Woodstock, Inc. purchased a machine costing $37,850. Woodstock also paid $1,950 for transportation and insta
    6·1 answer
  • Human evolution is not always straightforward and the path to discovery is often riddled with surprises and unexplained finds. F
    12·1 answer
  • Oriole Corporation has retained earnings of $682,100 at January 1, 2020. Net income during 2020 was $1,558,700, and cash dividen
    7·1 answer
  • Maurice does not know what kind of career he would like. He knows he likes animals but does not know if he would enjoy working w
    5·1 answer
  • Suncoast Healthcare is planning to acquire a new x ray machine that costs $200,000. The business can either lease the machine us
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!