Final answer:
The ANSI ASCX12N standard is used in the healthcare industry for the electronic exchange of administrative data including insurance claims. It is known as ANSI 835 or 837 formats and helps streamline administrative tasks in healthcare billing and payment processing.
Step-by-step explanation:
The standard for the exchange of administrative data that includes insurance claims is b. ANSI ASCX12N. This standard is used in the healthcare industry for the electronic exchange of medical claims and payment information. It provides a framework for sending and receiving healthcare information efficiently, reducing the time and cost associated with manual processing.
ANSI ASCX12N, also known as the ANSI 835 or ANSI 837 formats, is crucial for submitting healthcare insurance claims. This standard allows healthcare providers to submit claim information to payers electronically and receive payment remittances. The use of this standard by healthcare providers, insurance companies, and clearinghouses streamlines administrative tasks and aides in the management of healthcare billing and payment processing.