Explanation:
The cost paid by the policy holder to the health insurance company that entitles them to the benefits under the health insurance policy is known as an insurance premium. The insurance premium is typically paid once a year, however, depending on the agreement between the insurer and policy holder, it may also be paid monthly or daily.
Explanation:
The hospital serves as the provider under the framework of provider-based billing, which is carried out by primary providers. Any provider who establishes or acquires control of a different site in order to offer additional healthcare services is referred to be a major provider by Medicare.
Explanation:
The amount that policyholders must pay up front before their insurance policies begin to pay for a bigger share of their medical expenses is known as the deductible. Policyholders are required to pay lower premiums with a higher copay amount.
Explanation:
For you to correctly code in the part, guidelines contain information that you must understand.
Explanation:
To gather and handle claims, these adjusters work directly with the healthcare provider. They accomplish this by collaborating with the patient to complete the claims paperwork, which they subsequently deliver to the insurance company.
Explanation:
A medical claim is a bill for services done that the doctor sends to the patient's health plan. Medical billing claims preparation entails converting patient interactions into precise, timely bills, submitting them to payers, and keeping an eye on adjudication to make sure they are completely paid.
Explanation:
A network or organization that offers health insurance coverage in exchange for a monthly or yearly charge is known as a health maintenance organization (HMO). An HMO is a collection of health insurance companies that restricts coverage to medical services delivered by physicians and other providers who have agreements with the HMO.
