Accredited ACH Professional (AAP) Practice Exam

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Prepare for the Accredited ACH Professional (AAP) Exam with tailored questions and study materials to enhance your understanding of ACH transactions and operations. Test your skills and readiness for this important certification!

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What does the ANSI ASC X12.813 transaction set pertain to?

Payment Order/Remittance Advice
Health Care Payments
Tax Return Information
Lockbox Transactions

The correct answer is: Tax Return Information

The ANSI ASC X12.813 transaction set specifically pertains to Health Care Payments. This transaction set is designed to facilitate the electronic transfer of funds and remittance information associated with healthcare services. It allows healthcare providers and payers to communicate effectively regarding payment and claim information, streamlining the financial transactions in the healthcare industry. The ANSI ASC X12 format is widely used in various industries for electronic data interchange, and in the context of healthcare, it specifically addresses needs such as payment processing and remittance advice. This helps in reducing paperwork and errors, providing a more efficient payment mechanism for healthcare services rendered. Other options refer to different areas: Payment Order/Remittance Advice (A) relates to payments in general, Tax Return Information (C) involves tax-related data, and Lockbox Transactions (D) are associated with the handling of payment receipts through a bank lockbox service. Each of these has distinct ANSI ASC X12 transaction sets relevant to those specific functions, but the X12.813 is firmly placed within the healthcare sector, focusing on payments related to medical claims and reimbursements.