Final answer:
Accepting assignment on a Medicare claim means that the physician is compensated. When a physician accepts assignment on a Medicare claim, they agree to accept the Medicare-approved amount as full payment for their services.
Step-by-step explanation:
Accepting assignment on a Medicare claim means that the physician is compensated. Medicare has two parts: Part A pays some of the hospital charges for individuals who are eligible for Social Security benefits, and Part B covers medical services provided by physicians and other health care professionals. When a physician accepts assignment on a Medicare claim, it means that they agree to accept the Medicare-approved amount as full payment for their services.