Technosphere Labs Interview Questions and Answers

Coinsurance deductible out-of-pocket is the amount a patient pays before insurance starts covering the cost.

• It is the amount a patient pays before insurance starts covering the cost

• It is a type of deductible that is common in health insurance

• It is usually a percentage of the total cost of the service

• For example, if the coinsurance deductible is 20%, and the total cost of the service is $1000, the patient would pay $200 before insurance starts covering the remaining $800

POS stands for Point of Sale, a system used to manage sales transactions and inventory in retail businesses.

• POS systems are used in retail stores, restaurants, and other businesses to process transactions.

• They typically include hardware such as a cash register or card reader, as well as software to manage inventory and sales data.

• POS systems can also integrate with other business tools such as accounting software or customer relationship management (CRM) systems.

A modifier is a word or phrase that modifies or describes another word or phrase in a sentence.

• Modifiers can be adjectives, adverbs, or phrases.

• They provide additional information about the word or phrase they modify.

• For example, in the sentence 'The quick brown fox jumps over the lazy dog,' the word 'quick' is a modifier that describes the fox.

• Modifiers can also change the meaning of a sentence, such as in the sentence 'I only ate pizza,' where the modifier 'only' changes th...read more

Copay is a fixed amount of money paid by a patient for a particular medical service or medication.

• Copay is a form of cost-sharing between the patient and the insurance company.

• It is usually a fixed amount, but can also be a percentage of the total cost.

• Copays can vary depending on the type of service or medication.

• For example, a copay for a doctor's visit may be $20, while a copay for a prescription drug may be $10.

• Copays are often used to encourage patients to use cost-effec...read more

Benefits are rewards or advantages provided by an employer to employees in addition to their regular salary or wages.

• Benefits can include health insurance, retirement plans, paid time off, and bonuses.

• They are designed to attract and retain employees, and to improve their overall well-being.

• Benefits can also help to increase employee morale and productivity.

• Examples of benefits include tuition reimbursement, gym memberships, and flexible work schedules.