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Medical Billing and coding - insurance terms Flashcards

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1619032040Assignments of benefitsReimbursement is directly sent from the payer to the provider0
1619032041Accept assignmentThe provider agrees to accept what the insurance company approves as payment in full for the claim1
1619032042New patientUs one who has not received professional service from the physician or other physician of the same specialty in the same group within the past three years2
1619032043Established patientOne who received professional service from the physician or another physician of the same specialty in the same group within the past three years3
1619032044InpatientTerm used when a patient is admitted to the hospital with the expectations that the patient will stay for a period of 24 hours or more4
1619032045OutpatientPatient who receives treatment in any of the following seethings • physicians office • hospital clinic, emergency department, hospital same-day surgery unit, ambulatory surgical center ( patient is released within 23 hours ) • hospital admission for observation5
1619032046ConsultationIs a service performed by a physician whose opinion or advice is requested by another physician in the evaluation or treatment of a patients illness or suspected problem6
1619032047Fee-for-serviceA charged for each procedure or service performed by the physician. This is obtained from a *** schedule, which is a list of charges or allowance that have accepted for specific medical services.7
1619032048Fiscal intermediaryIs an insurance company that bids for a contract with CMS to handle the Medicare program in a specific area8
1619032049Explanation of benefits (EOB)Describes the services billed and includes a breakdown of how the payment is determines9
1619032050PremiumCost of insurance coverage paid annually, semi-annually or monthly to keep a policy in effect10
1619032051DeductibleIs a cumulative out-of-pocket amount that must be paid annually by the policyholder before benefits will be paid by the insurance company11
1619032052Co-paymentCost sharing requirement for the insured to pay at the time of service. This is usually a specific dollar amount12
1619032053CoinsuranceA percentage of the cost of covered services that a policyholder or a secondary insurance pays. (Common payment 80/20, which indicates that 20% is the coinsurance for which the beneficiary or secondary insurance is responsible13
1619032054CodingProcess of converting diagnosis, procedures, and services into numeric and alphanumeric characters14
1619032055Medical necessityDefined by Medicare as "the determination that a service or procedure renders is reasonable and necessary for the diagnosis or treatment of an illness or injury"15
1619032056Exclusion and limitationsConditions, situations, and services not covered by the insurance carrier16
1619032057Pre-certificationTo determine coverage for a specific treatment such as surgery, hospitalization or test, under the insured's policy17
1619032058Pre-determinationDetermine the patients benefits and the maximum dollar amount that the insurance company will pay. First step, verification is completed prior to first visit18
1619032059Pre-authorizationRequirement for some health plan to obtain permission for a service or procedure before it is done. Indicates that a specific procedure or service is deemed "medically necessary"19
1619032060Qualified diagnosisA working diagnosis which is not yet established20
1619032061EligibilityQualifying factor or factors that must be met before a patient receives benefits21
1619032062Coordination of benefits (COB)When two insurance companies work together to coordinate payment of benefits22
1619032063Encounter formIs also called a superb ill. It's a listing of diagnosis, procedures, and charges for a patient's visit23
1619032064Itemized statementA statement of the patients account history, showing dates of service, detailed charges, payments ( i.e. deductibles and co-pays) the date the insurance claim was submitted, applicable adjustment and account balance24
1619032065Peer review organization (PRO)A state group of physicians working under government guidelines to review cases and determine their appropriateness and quality of professional care25
1619032066Health insurance portability and accountability act (HIPAA)Deals with prevention of healthcare fraud and abuse of patients on Medicare and Medicaid26
1619032067Civil monetary penalties law (CMPL)Law passed by the federal government to prosecute cases of Medicaid fraud27
1619032068The Good Samaritan actDeveloped to protect healthcare professionals from liability of any civil damages as a result of rendering emergency care28
1619032069Remittance adviceIs an electronic or paper-based report of payments sent by the payer to the provider29
1619032070The patient care partnership (Patients Bill of Rights)Was developed to promote the interest and well being of the patients and residents of the healthcare facility. This bill has still not become law30

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