What information is conveyed by the UB-04 Type of Bill designation and why is it important?

What information is conveyed by the UB-04 Type of Bill designation and why is it important?

• A. It denotes the claim type (inpatient, outpatient, etc.) which guides processing and eligibility checks
• B. It indicates the provider's license number
• C. It indicates the date of service
• D. It records the patient’s insurance policy number

Answer: (C)