The meaning of contractual allowance is
A) Ensures the hospital or provider will get paid 100% of billed charges for services rendered.
B) The minimum amount an insurance carrier will pay a hospital or provider for services rendered.
C) The contract set up between the patient and provider for allowable patient charges
D) The maximum amount an insurance company will pay a hospital or provider for services rendered.
E) None of these is correct.
Correct Answer:
Verified
Q2: For-profit, investor-owned health care organizations generally raise
Q3: The primary function of the Governing Body
Q4: All the following are examples of fixed
Q5: ABC stands for:
A) assuming basic competence.
B) assuring
Q6: Opportunity costs include all of the following,
Q8: The Controller of a hospital typically reports
Q9: Capitation is a reimbursement model in which
Q10: Variable costs consist of all the following,
Q11: Which department is responsible for managing an
Q12: Most often, in larger health care organizations,
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