The amount the provider bills and the rate specified in the contract with the payer usually

Name: The amount the provider bills and the rate specified in the contract with the payer usually
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The amount a provider bills for a service and the rate specified in the contract with the payer often differ. This is because the billed amount is the provider's initial charge, while the contracted rate is what the insurance company agrees to pay, which is usually less.

The Amount the Provider Bills and the Rate Specified in the Contract