Final answer:
The correct answer is 4) Reviewing the insurance payment. It is usually done by the billing department or a professional coder to ensure the correct reimbursement amount is received from the insurance company.
Step-by-step explanation:
The correct answer is option 4) Reviewing the insurance payment.
When preparing a healthcare claim for payment and reviewing the insurance payment, medical practices do verify patient information, code the diagnosis and procedures, and submit the claim to the insurance company. However, reviewing the insurance payment is not typically performed by the medical practice. It is usually done by the billing department or a professional coder to ensure the correct reimbursement amount is received from the insurance company.