Ace the 2025 CPB Certification Exam – Bill Your Way to Success!

The correct answer is indeed "Coordination of Benefits." This abbreviation is often shortened to "COB" in the medical billing field. Coordination of Benefits refers to the process used when a patient has multiple insurance plans to determine which policy is responsible for paying medical claims and in what order. This is crucial to ensure that providers receive accurate payments for services rendered and that patients are not overcharged.

Understanding Coordination of Benefits is essential for medical billers as it directly impacts billing processes, patient billing statements, and the potential for denied claims if not managed correctly. It's a key component in ensuring that patients receive the full benefits from their insurance plans without duplication of payment.

The other options presented are not related to coordination of benefits in any context. They refer to entirely different functions or terms within the healthcare billing landscape.