Final answer:
Medicare is mandated to pay or deny clean claims within 30 days of receipt. This timely processing ensures healthcare providers are reimbursed quickly underscoring the importance of submitting error-free claims.
Step-by-step explanation:
The statement that a clean claim must be paid or denied by Medicare by the thirtieth day after its receipt is True. Medicare requires that clean claims - those which are filed correctly without any errors or missing information - be processed in a timely manner. This means that Medicare has to either pay or issue a denial for a clean claim within 30 days from the date the claim is received. If they fail to do so Medicare may be subject to paying interest on the claim to the provider. This prompt processing of claims is designed to provide prompt payment to healthcare providers and ensure that they are reimbursed for the services they provided to Medicare beneficiaries.
It is important for healthcare providers to submit clean claims to avoid delays in payment and additional administrative burdens. Providers should be aware of the necessity of meticulous billing practices to facilitate this process.