28 Sep Contract Allowable and Payment Systems
Order Instructions
Contract Allowable and Payment Systems
Respond to the following in a minimum of 175 words:
What is a contract allowable?
What impact does it have on the reimbursement to the provider?
What is the difference between co-pay and coinsurance?
How will knowing these differences help you with billing and coding functions?
Provide details and examples.
Identify at least 3 types of payment systems. How are they used?
https://www.medicalbillingandcoding.org/insurance-claims-process/
https://www.dol.gov/general/topic/workcomp
