A Third-Party Administrator TPA is a company that coordinates the process of claims adjudication and settlement in a cost-effective, timely and in fair manner.Select one:TrueFalse

The TPA is responsible for: (select one or more)a.Generating insurance policiesb.Claims adjudication and auditingc.Building a network of hospitalsd.Managing policyholders’ records

TPAs can be involved in getting a pre authorization on behalf of the provider

_______________ is a neutral third party who has the power to compel agreement. The process can be voluntary or mandated by law or contract on the parties to a negotiation.Select one:a.Competitorb.Judgec.Lawerd.Arbitrator

What type of principal is known by the third party when an agreement is made with an agent?Multiple choice question.An attorney-in-factAn apparent principalA ratified principalA disclosed principal

Which party is responsible for assessing and verifying claims before settlement?Insurance agentPolicyholderUnderwriterClaims adjuster