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HIPAA HIO-201 Exam - Topic 2 Question 67 Discussion

Select the correct statement about the 820-Payment Order/Remittance advice transaction.
D) Electronic Funds Transfer is fully supported.
A) It can be used for the payment of provider claims.
B) It can be used to pay for insurance products (either individual or group premiums).
C) It can function solely as a remittance advice.
E) This transaction can carry either summary or detailed remittance information.

HIPAA HIO-201 Exam - 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.

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Suggested Answer: D

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

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Lavonna
9 months ago
E is also valid; it can carry detailed info.
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Matilda
9 months ago
Wait, can it really do both? That’s surprising!
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Elke
9 months ago
I thought it was just for remittance advice, so C could be right too.
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Mozell
10 months ago
Totally agree, A makes the most sense!
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Annice
10 months ago
A is correct, it’s for provider claims.
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Gaynell
10 months ago
I feel like option D could be right since we talked about Electronic Funds Transfer in relation to payment transactions, but I need to double-check that.
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Kattie
10 months ago
I'm a bit confused about option C; I thought the 820 transaction was more than just remittance advice, but I can't recall the specifics.
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Dulce
10 months ago
I remember practicing a question similar to this, and I think option E might be correct because it mentions detailed remittance information, which seems relevant.
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Rosendo
11 months ago
I think option A sounds familiar since we discussed payment orders for provider claims in class, but I'm not entirely sure.
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Maybelle
11 months ago
I'm a little confused by the wording of the question and the options. I'll need to re-read this a few times to make sure I understand what it's asking before I select an answer.
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Phyliss
11 months ago
This is a good question to test our knowledge of the 820 transaction. I'm pretty confident I know the capabilities, so I'll select the answer that I believe is correct.
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Stephen
11 months ago
Okay, I think I've got this. The key is to focus on the specific details mentioned in the question, like whether it can be used for provider claims, insurance premiums, or just as a remittance advice. I'll select the option that matches those details.
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Jules
11 months ago
Hmm, I'm a bit unsure about this one. The question is asking about the specific capabilities of this transaction, so I'll need to read through the options closely to make sure I understand the differences.
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Bea
11 months ago
This looks like a straightforward question about the capabilities of the 820-Payment Order/Remittance Advice transaction. I'll carefully review the options and select the one that best matches the description.
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Theola
11 months ago
Hmm, I'm not entirely sure about the default behavior for a 12 MB PE file being forwarded to WildFire. I'll need to think this through carefully.
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Lai
11 months ago
I'm a bit confused by the different options, but I'll try to visualize the output based on the code and data provided.
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Shad
11 months ago
Hmm, I'm a bit confused on this one. I know ORDER BY, GROUP BY, and DISTINCT are all SQL keywords, but I'm not sure which ones can be used in a CREATE TABLE statement specifically. I'll have to think this through carefully.
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Harrison
11 months ago
I recall that priority 1 definitely means it fails over first, but I think priority 4 means it waits its turn. I'd feel more confident if I could double-check some notes.
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Deonna
1 year ago
Wait, there's an 820 transaction? I thought we were still using carrier pigeons for payments. *chuckles*
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Lisbeth
1 year 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.
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Isabella
1 year ago
I'm leaning towards option C. The 820 transaction can function solely as a remittance advice, without the payment order.
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Dick
1 year ago
It's good to know that the 820 transaction can serve different purposes.
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Dick
1 year ago
That's true. It doesn't necessarily have to include a payment order.
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Dick
1 year ago
Option C is correct. The 820 transaction can indeed function solely as a remittance advice.
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Arlette
1 year ago
Option D seems a bit misleading. Electronic Funds Transfer is not fully supported, it's just one of the payment methods.
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Beata
1 year ago
E) This transaction can carry either summary or detailed remittance information.
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Charlene
1 year ago
C) It can function solely as a remittance advice.
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Daniel
1 year ago
A) It can be used for the payment of provider claims.
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Annice
1 year 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.
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Crista
1 year ago
I agree with Aimee, because the 820-Payment Order/Remittance advice transaction is commonly used for provider claims.
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Rodney
1 year ago
I think option E is the correct answer. The 820-Payment Order/Remittance advice transaction can carry both summary and detailed remittance information.
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Justine
1 year ago
Yes, that's right. Option E is the correct statement about the 820-Payment Order/Remittance advice transaction.
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Justine
1 year ago
I agree, option E is correct. It can carry both summary and detailed remittance information.
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Aimee
1 year ago
I think the correct statement is A) It can be used for the payment of provider claims.
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