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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.

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Suggested Answer: D

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

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Deonna
1 months ago
Wait, there's an 820 transaction? I thought we were still using carrier pigeons for payments. *chuckles*
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Lisbeth
1 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.
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Isabella
1 months 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 days ago
It's good to know that the 820 transaction can serve different purposes.
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Dick
3 days ago
That's true. It doesn't necessarily have to include a payment order.
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Dick
13 days ago
Option C is correct. The 820 transaction can indeed function solely as a remittance advice.
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Arlette
2 months 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
14 days ago
E) This transaction can carry either summary or detailed remittance information.
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Charlene
16 days ago
C) It can function solely as a remittance advice.
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Daniel
24 days ago
A) It can be used for the payment of provider claims.
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Annice
2 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.
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Crista
2 months ago
I agree with Aimee, because the 820-Payment Order/Remittance advice transaction is commonly used for provider claims.
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Rodney
2 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.
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Justine
2 months ago
Yes, that's right. Option E is the correct statement about the 820-Payment Order/Remittance advice transaction.
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Justine
2 months ago
I agree, option E is correct. It can carry both summary and detailed remittance information.
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Aimee
2 months ago
I think the correct statement is A) It can be used for the payment of provider claims.
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