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In order to be clear on the payment of a medical billing claim, the health care provider or medical biller must have complete knowledge of different insurance plans that insurance companies are offering, and the laws and regulations that preside over them. Large insurance companies can have up to 15 different plans contracted with one provider.
A number of sources provide lists of initialisms and acronyms commonly used in health care. The terms listed are used in the English language within the healthcare systems and by healthcare professionals of various countries. [3] Examples of terms include BP, COPD, [9] TIMI score, and SOAP. [10] There is no standardised list. [3]
An explanation of benefits (commonly referred to as an EOB form) is a statement sent by a health insurance company to covered individuals explaining what medical treatments and/or services were paid for on their behalf. [1] The EOB is commonly attached to a check or statement of electronic payment. An EOB typically describes:
Health care, or healthcare, is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health professionals and allied health fields.
A health care provider is an individual health professional or a health facility organization licensed to provide health care diagnosis and treatment services including medication, surgery and medical devices. Health care providers often receive payments for their services rendered from health insurance providers.
In health systems with prices below the market clearing level in which waiting lists act as rationing tools, [2] copayment can serve to reduce the welfare cost of waiting lists. [3] However, a copay may also discourage people from seeking necessary medical care, and higher copays may result in non-use of essential medical services and ...
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Chip on board (COB) is a method of circuit board manufacturing in which integrated circuits (e.g. microprocessors) are attached (wired, bonded directly) to a printed circuit board, and covered by a blob of epoxy. [1]