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.

AIt can be used for the payment of provider claims.

BIt can be used to pay for insurance products (either individual or group premiums).

CIt can function solely as a remittance advice.

DElectronic Funds Transfer is fully supported.

EThis transaction can carry either summary or detailed remittance information.

Show Suggested Answer

Suggested Answer: D

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

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Annice

10 days 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

12 days ago

I agree with Aimee, because the 820-Payment Order/Remittance advice transaction is commonly used for provider claims.

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Rodney

14 days 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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Aimee

17 days ago

I think the correct statement is A) It can be used for the payment of provider claims.

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