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Insurance Billing

Insurance Billing YCST Chapters 9 and 10 Terms and Abbreviations

QuestionAnswer
A/R Accounts receivable
CMS Centers for Medicare and Medicaid Services
EOB Explanation of Benefits
FEHBA Federal Employee Health Benefit Act
FTC Federal Trade Commission
NC No charge
NSF Nonsufficient funds or not sufficient funds
RA Remittance advice
TILA Truth in Lending Act
W2 Wage and tax statement
What is the total amount of money owed for professional services rendered? Accounts receivable
What is a document detailing services billed and describing payment determinations? EOB
What is a list of charges or established allowances for specific medical services and procedures? Fee schedule
What is a detailed summary of all transactions of a patient's account? Itemized statement
What is another word for payment? Reimbursement
What is a document detailing services billed and describing payment determination issued to Medicare and Medicaid providers? Remittance advice
What is a time limit established for filing lawsuits? Statute of limitations
What are assets or debts that have been determined to be uncollectible and are therefore adjusted off the accounting books as a loss? Write-off
Created by: dsljulian
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