This topic contains a solution. Click here to go to the answer

Author Question: Which of the following is a true statement concerning financial considerations for the independent ... (Read 51 times)

WWatsford

  • Hero Member
  • *****
  • Posts: 539
    • Biology Forums!
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nathang24

  • Sr. Member
  • ****
  • Posts: 314
Answer to Question 1

C

Answer to Question 2

D




WWatsford

  • Member
  • Posts: 539
Reply 2 on: Jul 12, 2018
:D TYSM


bigsis44

  • Member
  • Posts: 317
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

For a complete list of videos, visit our video library