Clearing House
Clearing House What is Clearing House? In medical billing, companies that function as intermediaries who forward medical claims information from healthcare providers to insurance payers are known as clearinghouses. In…
Difference between Copay, Coins, deductible
Difference between Copay, Co-Insurance and Deductible Copay- A predetermined rate the patient pays for health care services at the time of care. Copay are due at the time the patient…
Difference between Claim Rejections and denials
Difference between Claim Rejections and denials Insurance claim denials and rejections are one of the biggest obstacles affecting healthcare reimbursements. A claim rejection occurs prior to claim processing and is…
Difference between Paper Check and EFT
Electronically Fund Transfer vs Paper Check Because checks are paper documents, there are more steps in completing a check-based transaction. Unlike currency, checks are not money, but are legal instruments…