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CMAA Insurance Questions and Answers with
Solutions UPDATED!!!
Accounting - ANSWER A system for classifying recording, and
summarizing financial info
Billing - ANSWER Securing and processing money patients owe
Bookkeeping - ANSWER The recording part of the accounting
process
Claim - ANSWER A form submitted to a third- party payer for
reimbursement
Contract - ANSWER A legally binding agreement between 2
parties
Copayment - ANSWER A small fee paid to a provider at the time
services are rendered; also called copay
CMS-1500 - ANSWER A standard health insurance claim form
CMAA Insurance Questions and Answers with
Solutions UPDATED!!!
Accounting - ANSWER A system for classifying recording, and
summarizing financial info
Billing - ANSWER Securing and processing money patients owe
Bookkeeping - ANSWER The recording part of the accounting
process
Claim - ANSWER A form submitted to a third- party payer for
reimbursement
Contract - ANSWER A legally binding agreement between 2
parties
Copayment - ANSWER A small fee paid to a provider at the time
services are rendered; also called copay
CMS-1500 - ANSWER A standard health insurance claim form
