exchange of data through computer systems.
Claims are sent to clearinghouses in ___.
batches
Who formed the Accredited Standards Committee X12 (ASC X12)?
American National Standards Institute (ANSI)
What number is assigned to employers by the IRS?
employer identification number (EIN)
An ____ is a document used to record information about the service rendered to a patient.
encounter form
encryption
What is a clearinghouse?
True or false
Version 5010 allows providers and payers to transmit ICD-10 data
True
National Provider Identifier
True or False
Batched claims cannot be divided according to insurance type or date(s) of service.
False
What is an advantage of electronic claims?
editing software for errors
Claims are ___ for missing or incorrect information.
scrubbed
The 837P is the National Standard Format for electronic claims submission by physicians, which replaces the paper CMS-1500 form.
What is HPID?
assigned a standard identifier to identify health plans that process and pay certain electronic health care transactions.
What is an encoder?
Add-on software to a PMS that can greatly reduce the time it takes to build or review a claim before batching and can improve overall coding accuracy.
how soon after a claim has been received will the payment be issued?
2 weeks or less
What are some benefits of clearinghouses?
reduction in time of claims preparation, fewer claim rejections, consistent reimbursement, etc.
True or False
CPT, ICD-10, and HCPCS codes are referred to as medical code sets and are standardized under HIPAA.
True
All providers are required to have an ___to file a claim.
NPI
According to industry experts, _ of claim denials are preventable.
90%
How long does a paper claim take to receive payment?
4 to 6 weeks
What happens if errors are found at the clearinghouse?
the claim is rejected and not forwarded to the payer
ASC X12 Version 5010 allows providers to submit claims
with ICD-10-CM/PCS codes
HPID
What is a notice of payments and adjustments sent to providers, billers, or suppliers called?
electronic remittance advice