Identify and describe the responsibilities of a Third-Party ...

[joblessjake]

Identify and describe the responsibilities of a Third-Party Administrator (TPA).
 
  What will be an ideal response?

Question 2

Calculators able to perform higher order mathematical calculations are widely available. So, why is it still necessary for people working in clinical and laboratory settings to know how to use exponential numbers and logarithms?
 
  A) Errors are easily introduced in the typing of values.
  B) There may be instances when calculators are unavailable.
  C) To double-check values obtained from calculators
  D) All of the above

[sarahccccc]

Answer to Question 1

Answer:
A third-party administrator (TPA) is a professional firm that is under contract by the insurance company to deal solely with administering the eligibility and claim payment services including all of the paperwork (and various other administrative services) for self-funded benefit plans. The administrator provides all of the equipment and personnel required to meet the plan's needs. In turn, the plan supplies the funds or monies needed for payment of the administrator's services and for amounts paid out for claims. In contrast, the insurance company handles all plan administration, provides all of the equipment and personnel required, and supplies the funds for claim payments.

Answer to Question 2

D