The point at which income matches expenditures is:
Breakeven Point
Startup cost
Initial investment
Profit
Breakeven point can be applied to:
A specific product
An investment
The entire company operation
Any of the above
Contribution margin is:
Total revenue minus variable costs minus fixed costs
Total revenue minus variable costs minus profit
Total revenue minus variable costs minus fixed costs minus profit
Total revenue minus variable costs
Profit is figured after variable costs and fixed costs are subtracted from the total revenue.
True
False
This record gives a financial snapshot of a business at any given time:
Accounts Payable
Accounts Receivable
Income statement
Balance Sheet
In order to receive Medicare reimbursement, a company must:
Have a national supplier number
Carry appropriate insurance coverage
Pass an on-site inspection
All of the above
Medicare is state funded and varies from state to state.
True
False
Medicaid is state funded and varies from state to state.
True
False
When dealing with third party payers:
You may be required to be in their network to receive payment.
You may be required to get pre-authorization prior to dispensing in order to receive payment.
You may be required to carry additional insurance above and beyond Medicare requirements.
Any of the above are possible.
Since many pedorthic facilities are small and family-run, they do not have to comply with OSHA requirements.
True
False
This type of insurance protects your company if a patient slips on your sidewalk.
Professional Liability
Product Liability
Property/Casualty
Homeowners
This was instituted to protect workers from HIV and Hepatitis. It makes the assumption that all blood and many body fluids could be hazardous.
Bloodborne pathogen precautions
Body fluid precautions
Spill precautions
Universal precautions
The Therapeutic Shoe Fitter bill allows for:
3 pair of inserts (A5512 or A5513) and 1 pair of shoes (A5500 or A5501) per calendar year
3 pair of inserts (A5512 or A5513) and 1 pair of shoes (A5500 or A5501) every 12 months
1 pair of inserts (A5512 or A5513) and 3 pair of shoes (A5500) per calendar year
1 pair of inserts (A5512 or A5513) and 3 pair of shoes (A5500) every 12 months
Medicare will pay for ___________ of the allowable cost of shoes and orthotics under the Therapeutic Shoe Bill.
20%
40%
60%
80%
Medicare covers therapeutic shoes under Medicare Part A coverage.
True
False
A patient must have diabetes with an ICD-9 code of 250.00 - 250.93 and they may be either insulin dependent, or dietarily controlled (with or without the use of pills) to meet the primary coding regulations for the Therapeutic Shoe Bill.
True
False
In addition to the ICD - 9 code of 250.00 - 250.93, the patient must have another secondary pathology involving their foot in order to meet the requirements for the Therapeutic Shoe Bill.
True
False
A Podiatrist can fill out and sign the Statement of Certifying Physician form since he or she is the doctor caring for the patient's feet.
True
False
Medicare pays for A5510 orthotics.
True
False
If a diabetic patient needs a shoe modification, Medicare will reimburse for it, but the patient will only receive two pair of inserts that calendar year (that Medicare pays for).
True
False
Material Safety Data Sheets MUST be kept on all flamable materials used in labs which employ more than 3 technicians. Otherwise, these are optional.