Author Question: Which of the following is a true statement concerning financial considerations for the independent ... (Read 45 times)

WWatsford · **on:** Jul 12, 2018

Which of the following is a true statement concerning financial considerations for the independent health information management consultant?
A) Consultants can ordinarily expect to work at least 260 billable days per year.
B) Consultants rarely have to wait for payment for longer than 90 days, so maintaining cash reserves is not an issue for most consultants.
C) In addition to salary, consulting revenue should cover FICA taxes, office space, equipment, supplies, and other business expenses.
D) Starting a health information management consulting business requires raising a large amount of funding from loans or investors prior to launching the consulting firm.

Question 2

Determining which insurance is the primary payer and assuring that no more than 100 percent of the charges are paid to the provider and/or reimbursed to the patient is called ______________.
A) capitation
B) coinsurance
C) gatekeeping
D) coordination of benefits