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Author Question: Which of the following is a true statement concerning financial considerations for the independent ... (Read 59 times)

WWatsford

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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



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nathang24

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Answer to Question 1

C

Answer to Question 2

D




WWatsford

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Reply 2 on: Jul 12, 2018
Great answer, keep it coming :)


Animal_Goddess

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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