A fixed dollar amount that must be paid by the insured before additional expenses are covered by an insurer.
What is a Deductible?
This was established to provide partial medical care and income protection to employees who are injured or become ill from their job.
What is Workers Compensation
A rule that states that the insurance policy of a policyholder whose birthday comes first in the year is the primary payer for all dependents.
What is the birthday rule
A healthcare organization that provides specific services to individuals and their dependents who are enrolled in the plan. Doctors who enroll in an HMO agree to provide certain services in exchange for a prepaid fee.
What is a Health Maintenance Organization
A payment structure in which a health maintenance organization prepays an annual set fee per patient to a physician.
What is a Capitation
A group that takes nonstandard medical billing software formats and translates them into the standard EDI formats.
What is a Clearinghouse
A managed care plan that establishes a network of providers to perform services for plan members.
What is a Preferred Provider Organization
A determination of the amount of money that will be paid by a third-party payer for a specific procedure before the procedure is conducted.
What is Precertification
a system of health insurance payment in which a doctor or other health care provider is paid a fee for each particular service rendered, essentially rewarding medical providers for volume and quantity of services provided, regardless of the outcome.
What is a fee-for-service
A form that the patient and the practice receive for each encounter that outlines the amount billed by the practice, the amount allowed, the amount of subscriber liability, the amount paid, and notations of any service not covered, including an explanation of why that service is not covered; also called an explanation of benefits.
What is a Remittance Advice