medical Billing Terms and medical Coding Terminology

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Those in healing billing and coding careers have a terminology of unique terms and abbreviations. Below are some of the more frequently used healing Billing terms and acronyms. Also included is some healing coding terminology.

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Aging - Refers to the unpaid insurance claims or patient balances that are due past 30 days. Most healing billing software's have the ability to originate a isolate description for insurance aging and patient aging. These reports typically list balances by 30, 60, 90, and 120 day increments.

Appeal - When an insurance plan does not pay for treatment, an appeal (either by the victualer or patient) is the process of formally objecting this judgment. The insurer may require added documentation.

Applied to Deductible - Typically seen on the patient statement. This is the amount of the charges, considered by the patients insurance plan, the patient owes the provider. Many plans have a maximum annual deductible that once met is then covered by the insurance provider.

Assignment of Benefits - insurance payments that are paid to the physician or hospital for a patients treatment.

Beneficiary  - person or persons covered by the condition insurance plan.

Clearinghouse - This is a aid that transmits claims to insurance carriers. Prior to submitting claims the clearinghouse scrubs claims and checks for errors. This minimizes the amount of rejected claims as most errors can be for real corrected. Clearinghouses electronically transmit claim facts that is compliant with the literal, Hippa standards (this is one of the healing billing terms we see a lot more of lately).

Cms - Centers for Medicaid and Medicare Services. Federal branch which administers Medicare, Medicaid, Hippa, and other condition programs. Formerly known as the Hcfa (Health Care Financing Administration). You'll consideration that Cms it the source of a lot of healing billing terms.

Cms 1500 - healing claim form established by Cms to submit paper claims to Medicare and Medicaid. Most market insurance carriers also require paper claims be submitted on Cms-1500's. The form is suited by it's red ink.

Coding -Medical Billing Coding involves taking the doctors notes from a patient visit and translating them into the permissible Icd-9 code for prognosis and Cpt codes for treatment.

Co-Insurance - ration or amount defined in the insurance plan for which the patient is responsible. Most plans have a ratio of 90/10 or 80/20, 70/30, etc. For example the insurance carrier pays 80% and the patient pays 20%.

Co-Pay - amount paid by patient at each visit as defined by the insured plan.

Cpt Code - Current Procedural Terminology. This is a 5 digit code assigned for reporting a course performed by the physician. The Cpt has a corresponding Icd-9 prognosis code. Established by the American healing Association. This is one of the healing billing terms we use a lot.

Date of aid (Dos) - Date that condition care services were provided.

Day Sheet - overview of daily patient treatments, charges, and payments received.

Deductible - amount patient must pay before insurance coverage begins. For example, a patient could have a 00 deductible per year before their condition insurance will begin paying. This could take several doctor's visits or prescriptions to reach the deductible.

Demographics - corporal characteristics of a patient such as age, sex, address, etc. Vital for filing a claim.

Dme - Durable healing tool - healing supplies such as wheelchairs, oxygen, catheter, glucose monitors, crutches, walkers, etc.

Dob - Abbreviation for Date of Birth

Dx - Abbreviation for prognosis code (Icd-9-Cm).

Electronic Claim - Claim facts is sent electronically from the billing software to the clearinghouse or directly to the insurance carrier. The claim file must be in a appropriate electronic format as defined by the receiver.

E/M - estimation and supervision section of the Cpt codes. These are the Cpt codes 99201 thru 99499 most used by physicians to entrance (or evaluate) a patients medicine needs.

Emr - Electronic healing Records. healing records in digital format of a patients hospital or victualer treatment.

Eob - Explanation of Benefits. One of the healing billing terms for the statement that comes with the insurance enterprise cost to the victualer explaining cost details, covered charges, write offs, and patient responsibilities and deductibles.

Era - Electronic Remittance Advice. This is an electronic version of an insurance Eob that provides details of insurance claim payments. These are formatted in agreeing to the Hipaa X12N 835 standard.

Fee schedule - Cost linked with each medicine Cpt healing billing codes.

Fraud - When a victualer receives cost or a patient obtains services by deliberate, dishonest, or misleading means.

Guarantor - A responsible party and/or insured party who is not a patient.

Hcpcs - condition Care Financing supervision base course Coding System. (pronounced "hick-picks"). This is a three level principles of codes. Cpt is Level I. A standardized healing coding principles used to narrate exact items or services provided when delivering condition services. May also be referred to as a course code in the healing billing glossary.

The three Hcpcs levels are:

Level I - American healing Associations Current Procedural Terminology (Cpt) codes.

Level Ii - The alphanumeric codes which contain mostly non-physician items or services such as healing supplies, ambulatory services, prosthesis, etc. These are items and services not covered by Cpt (Level I) procedures.

Level Iii - Local codes used by state Medicaid organizations, Medicare contractors, and hidden insurers for exact areas or programs.

Hipaa - condition insurance Portability and accountability Act. several federal regulations intended to improve the efficiency and effectiveness of condition care. Hipaa has introduced a lot of new healing billing terms into our vocabulary lately.

Hmo - condition Maintenance Organization. A type of condition care plan that places restrictions on treatments.

Icd-9 Code - Also know as Icd-9-Cm. International Classification of Diseases classification principles used to assign codes to patient diagnosis. This is a 3 to 5 digit number.

Icd 10 Code - 10th improvement of the International Classification of Diseases. Uses 3 to 7 digit. Includes added digits to allow more ready codes. The U.S. branch of condition and Human Services has set an implementation deadline of October, 2013 for Icd-10.

Inpatient - Hospital stay longer than one day (24 hours).

Maximum Out of Pocket - The maximum amount the insured is responsible for paying for eligible condition plan expenses. When this maximum limit is reached, the insurance typically then pays 100% of eligible expenses.

Medical Assistant - Performs administrative and clinical duties to sustain a condition care victualer such as a physician, physicians assistant, nurse, or nurse practitioner.

Medical Coder - Analyzes patient charts and assigns the literal, Icd-9 prognosis codes (soon to be Icd-10) and corresponding Cpt medicine codes and any linked Cpt modifiers.

Medical Billing expert - The person who processes insurance claims and patient payments of services performed by a physician or other condition care victualer and vital to the financial operation of a practice. Makes sure healing billing codes and insurance facts are entered correctly and submitted to insurance payer. Enters insurance cost facts and processes patient statements and payments.

Medical Necessity - healing aid or course performed for medicine of an illness or injury not considered investigational, cosmetic, or experimental.

Medical Transcription - The conversion of voice recorded or hand written healing facts dictated by condition care professionals (such as physicians) into text format records. These records can be whether electronic or paper.

Medicare - insurance provided by federal government for citizen over 65 or citizen under 65 with inevitable restrictions. Medicare has 2 parts; Medicare Part A for hospital coverage and Part B for doctors office or patient care.

Medicare Donut Hole - The gap or contrast in the middle of the initial limits of insurance and the catastrophic Medicare Part D coverage limits for prescription drugs.

Medicaid - insurance coverage for low revenue patients. Funded by Federal and state government and administered by states.

Modifier - Modifier to a Cpt medicine code that furnish added facts to insurance payers for procedures or services that have been altered or "modified" in some way. Modifiers are foremost to expound added procedures and accumulate repayment for them.

Network victualer - condition care victualer who is contracted with an insurance victualer to furnish care at a negotiated cost.

Npi amount - National victualer Identifier. A unique 10 digit identification amount required by Hipaa and assigned through the National Plan and victualer Enumeration principles (Nppes).

Out-of Network (or Non-Participating) - A victualer that does not have a contract with the insurance carrier. Patients regularly responsible for a greater measure of the charges or may have to pay all the charges for using an out-of network provider.

Out-Of-Pocket Maximum - The maximum amount the patient is responsible to pay under their insurance. Charges above this limit are the insurance clubs obligation. These Out-of-pocket maximums can apply to all coverage or to a exact advantage kind such as prescriptions.

Outpatient - Typically medicine in a physicians office, clinic, or day surgery facility continuing less than one day.

Patient accountability - The amount a patient is responsible for paying that is not covered by the insurance plan.

Pcp - traditional Care physician - regularly the physician who provides initial care and coordinates added care if necessary.

Ppo - beloved victualer Organization. insurance plan that allows the patient to pick a physician or hospital within the network. Similar to an Hmo.

Practice supervision Software - software used for the daily operations of a providers office. Typically includes appointment scheduling and billing functions.

Preauthorization - Requirement of insurance plan for traditional care physician to inform the patient insurance carrier of inevitable healing procedures (such as patient surgery) for those procedures to be considered a covered expense.

Premium - The amount the insured or their owner pays (usually monthly) to the condition insurance enterprise for coverage.

Provider - physician or healing care facility (hospital) that provides condition care services.

Referral - When a victualer (typically the traditional Care Physician) refers a patient to an additional one victualer (usually a specialist).

Self Pay - cost made at the time of aid by the patient.

Secondary insurance Claim - insurance claim for coverage paid after traditional insurance makes payment. Typically intended to cover gaps in insurance coverage.

Sof - Signature on File.

Superbill - One of the healing billing terms for the form the victualer uses to document the medicine and prognosis for a patient visit. Typically includes several commonly used Icd-9 prognosis and Cpt procedural codes. One of the most frequently used healing billing terms.

Supplemental insurance - added insurance course that covers claims fro deductibles and coinsurance. frequently used to cover these expenses not covered by Medicare.

Taxonomy Code - Code for the victualer specialty sometimes required to process a claim.

Tertiary insurance - insurance paid in increasing to traditional and secondary insurance. Tertiary insurance covers costs the traditional and secondary insurance may not cover.

Tin - Tax Identification Number. Also known as owner Identification amount (Ein).

Tos - Type of Service. description of the kind of aid performed.

Ub04 - Claim form for hospitals, clinics, or any victualer billing for facility fees similar to Cms 1500. Replaces the Ub92 form.

Unbundling - Submitting more than one Cpt medicine code when only one is appropriate.

Upin - Unique physician Identification Number. 6 digit physician identification amount created by Cms. Discontinued in 2007 and replaced by Npi number.

Write-off (W/O) - The contrast in the middle of what the victualer charges for a course or medicine and what the insurance plan allows. The patient is not responsible for the write off amount. May also be referred to as "not covered" in some glossary of billing terms.

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