Final answer:
True. The 'P' in 837P correlates with 'professional,' as the form is used by healthcare professionals such as physicians to submit insurance claims for professional services.
Step-by-step explanation:
The "P" in 837P does indeed stand for professional. Therefore, the statement is True. The 837P is a specific form used in the health care industry for health care professionals to submit insurance claims for professional services rendered. These services are typically those provided by physicians, therapists, or other healthcare professionals who are not part of a hospital's inpatient facility. The form helps to standardize the electronic transmission of professional health care claims.