Final answer:
The purpose of the Status field in the provider master file is to indicate the current status of a provider.
Step-by-step explanation:
In the provider master file, the Status field is used to indicate the current status of a provider. It can be used to track whether a provider is active, inactive, suspended, or terminated, among other possible status values. This field is important for maintaining accurate and up-to-date information about providers in the master file.