Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

HIPAA Exam HIO-201 Topic 2 Question 67 Discussion

Actual exam question for HIPAA's HIO-201 exam
Question #: 67
Topic #: 2
[All HIO-201 Questions]

Select the correct statement about the 820-Payment Order/Remittance advice transaction.

Show Suggested Answer Hide Answer
Suggested Answer: D

by Soledad at Apr 26, 2024, 01:06 AM

Limited Time Offer

25%

Off

Get Premium HIO-201 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Deonna
3 months ago
Wait, there's an 820 transaction? I thought we were still using carrier pigeons for payments. *chuckles*
upvoted 0 times
...
Lisbeth
3 months ago
This question is making me feel like a financial wizard! I'll go with option B - the 820 can be used to pay for insurance premiums.
upvoted 0 times
...
Isabella
3 months ago
I'm leaning towards option C. The 820 transaction can function solely as a remittance advice, without the payment order.
upvoted 0 times
Dick
2 months ago
It's good to know that the 820 transaction can serve different purposes.
upvoted 0 times
...
Dick
2 months ago
That's true. It doesn't necessarily have to include a payment order.
upvoted 0 times
...
Dick
2 months ago
Option C is correct. The 820 transaction can indeed function solely as a remittance advice.
upvoted 0 times
...
...
Arlette
3 months ago
Option D seems a bit misleading. Electronic Funds Transfer is not fully supported, it's just one of the payment methods.
upvoted 0 times
Beata
2 months ago
E) This transaction can carry either summary or detailed remittance information.
upvoted 0 times
...
Charlene
2 months ago
C) It can function solely as a remittance advice.
upvoted 0 times
...
Daniel
3 months ago
A) It can be used for the payment of provider claims.
upvoted 0 times
...
...
Annice
4 months ago
I believe option E) This transaction can carry either summary or detailed remittance information, is also correct as it provides flexibility in the information that can be included.
upvoted 0 times
...
Crista
4 months ago
I agree with Aimee, because the 820-Payment Order/Remittance advice transaction is commonly used for provider claims.
upvoted 0 times
...
Rodney
4 months ago
I think option E is the correct answer. The 820-Payment Order/Remittance advice transaction can carry both summary and detailed remittance information.
upvoted 0 times
Justine
3 months ago
Yes, that's right. Option E is the correct statement about the 820-Payment Order/Remittance advice transaction.
upvoted 0 times
...
Justine
3 months ago
I agree, option E is correct. It can carry both summary and detailed remittance information.
upvoted 0 times
...
...
Aimee
4 months ago
I think the correct statement is A) It can be used for the payment of provider claims.
upvoted 0 times
...

Save Cancel