9) What is a benefit of TCS (HIPAA Transaction and Code Set) and EDI (Electronic Data Interchange)?

fast eligibility evaluation (reduce time of claim life cycle) and improves cash flow. Average turnaround for electronic claims are 9-15 days versus 30-45 days for paper claims. More test answers on https://studyhippo.com/insurance-handbook-chapter-8/

*Which of the following technologies is being used to replace the older electronic data interchange (EDI) for specifying data standards?

Extensible markup language (XML) More test answers on https://studyhippo.com/quiz-3-4-test-answers/

In which logistical component of the supply chain will you find electronic data interchange a common feature out of: production scheduling, transportation, order processing, and materials handling

Production scheduling and order processing More test answers on https://studyhippo.com/marketing-exam-3-practice-questions/

Which of the following is not an application of E-business? A. internet buying and selling B. e-mail C. order and shipment tracking D. electronic data interchange (EDI) E. universal product codes

E. universal product codes More test answers on https://studyhippo.com/scms306-ch011/

What term refers tot he computer hardware, software, and networks that record, store, and manage patient haalthcare information? a. practice management program (PMP) b. health information technology (HIT) c. electronic data interchange (EDI) d. autoposting

b. health information technology (HIT) More test answers on https://studyhippo.com/medisoft-chapter-1-final/

QN=6: _______________ are systems where only routine transaction processing and information flow take place between two or more organizations using a standard protocol, such as electronic data interchange (EDI).

Interorganizational information systems More test answers on https://studyhippo.com/e-commer/

The federal law that directed the Secretary of Health and Human Services to develop healthcare standards governing electronic data interchange and data security is the

Health Insurance Portability and Accountability Act of 1996 More test answers on https://studyhippo.com/chapter-4-review-2/

Electronic data interchange (EDI) and electronic funds transfer (EFT) are forms of ________ e-commerce transactions.

business-to-business More test answers on https://studyhippo.com/quiz-5-itec-3325/

Each of the following represents a characteristic of B2B commerce except: a)electronic data interchange b)electronic retailing c)data exchanges d)preexisting business relationships

electronic retailing More test answers on https://studyhippo.com/e-commerce-and-e-business-ch-14/

What is electronic data interchange used for?

Transactions allow a medical facility or a providers office to submit transactions faster and therefore be paid for claims faster More test answers on https://studyhippo.com/insurance-week-2/

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Electronic Data Interchange Flashcards, test questions and answers

Discover flashcards, test exam answers, and assignments to help you learn more about Electronic Data Interchange and other subjects. Don’t miss the chance to use them for more effective college education. Use our database of questions and answers on Electronic Data Interchange and get quick solutions for your test.

What is Electronic Data Interchange?

Electronic Data Interchange (EDI) is a method of electronically exchanging business documents between organizations. It allows companies to send accurate, standardized data quickly and securely to their trading partners. EDI eliminates the need for paper-based document exchange, reducing costs and increasing process efficiency.The most common use of EDI is in supply chain management where it enables buyers and suppliers to quickly share information such as orders, invoices and shipping notices with each other without manual intervention or retyping of data. This automation saves time and money by eliminating errors associated with manual data entry and reduces paperwork. EDI also ensures that all participants in a transaction have access to the same set of up-to-date information about orders, inventory levels, shipment dates, payment terms, etc., which helps improve customer service levels while ensuring that processes remain within legal compliance regulations. In addition to its role in supply chain management, EDI can also be used for banking activities like fund transfers or securities trading; healthcare transactions such as claims submissions; insurance underwriting; retail sales tracking; government contracts reporting; mortgage loan applications processing; product recalls notifications; international trade documentation exchanges and more. The range of possible uses is virtually limitless since nearly any type of transactional document can be transmitted using EDI standards. Today’s competitive landscape demands efficient operations and EDI plays an important role in improving them. By automating document exchange among all players involved in any given transaction cycle via secure electronic networks, businesses save time while gaining visibility into their entire operation at every stage from order placement through delivery confirmation and beyond.