Answer the following statements true (T) or false (F)

1. The majority of payments received by a medical facility come from several sources.
2. The medical office specialist is responsible for estimating patient financial responsibility.
3. The patient’s benefits are known as the schedule of benefits.
4. Medical costs escalated due to the baby boomers.
5. Prior to managed care, the American healthcare system financially rewarded healthcare providers for giving more care.

(False) (The majority of payments received in a medical facility are from insurance companies.)
(True)
(True)
(False) (Medical costs escalated due to an aging population.)
(True)