Healthcare Payer Terms

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Questions and Answers

What does NPI stand for, and what purpose does it serve in healthcare?

National Provider Identifier. It's a unique identifier for healthcare providers required by HIPAA.

Explain the significance of a 'policy number' in the context of health insurance.

It identifies the contract between the insurance company and the policyholder.

Differentiate between an 'in-network' and an 'out-of-network' provider. What are the potential financial implications of choosing an out-of-network provider?

In-network providers have contracts with the insurance company, usually resulting in lower costs for the patient. Out-of-network providers do not, potentially leading to higher out-of-pocket expenses.

Define 'non-covered charges' in health insurance, and give a possible reason they arise.

<p>Services or procedures not listed as a covered benefit in the payer's master benefit list. This could be because the service is deemed not medically necessary or is experimental.</p> Signup and view all the answers

What is the 'timely filing limit,' and why is it important for healthcare providers to adhere to it?

<p>The timeframe payers give to providers to submit claims and get reimbursed. Failure to adhere to the filing limit could result in claim denial and loss of payment.</p> Signup and view all the answers

Explain the purpose of the 'UB-92/UB-04/CMS 1450' form in healthcare billing.

<p>It's a form used by hospitals to file insurance claims for medical services.</p> Signup and view all the answers

Describe what a 'write-off' is in the context of medical billing, and who typically bears the cost of a write-off?

<p>The amount that is waived off by the provider. The provider usually bears the loss.</p> Signup and view all the answers

What is the purpose of a 'W-9 form', and what information does it verify?

<p>A tax form that certifies an individual's tax identification number.</p> Signup and view all the answers

In what scenario is an NPI number for healthcare providers most critical based on the information provided in the text?

<p>When HIPAA mandates the usage of NPI.</p> Signup and view all the answers

If a service is considered a 'non-covered charge,' what are the potential financial consequences for the patient?

<p>The patient may be fully responsible for paying the cost of the service.</p> Signup and view all the answers

Explain how the 'policy number' is utilized in the healthcare revenue cycle.

<p>The insurance company uses the policy number to identify the contract during claims processing.</p> Signup and view all the answers

What steps can a patient take to minimize the risk of receiving 'out-of-network' care unintentionally?

<p>Verify that the provider is in-network with their insurance plan before receiving services.</p> Signup and view all the answers

Describe the relationship between a 'participating provider' and an insurance company.

<p>Participating provider is contracted with the insurance company and has agreed to certain terms and payment conditions set by the insurance plan.</p> Signup and view all the answers

Why is it important for healthcare providers to maintain accurate records of 'timely filing limits' for different payers?

<p>To ensure that claims are submitted within the allowed timeframe and avoid claim denials.</p> Signup and view all the answers

What type of healthcare facilities primarily use 'UB-92/UB-04/CMS 1450' forms, and for what purpose?

<p>Hospitals use these forms to file insurance claims for medical services.</p> Signup and view all the answers

Explain the impact of 'write-offs' on a healthcare provider's revenue cycle.

<p>Write-offs reduce the revenue collected by the healthcare provider.</p> Signup and view all the answers

In what circumstances would a healthcare provider need a patient to complete a 'W-9 form'?

<p>When the patient is receiving payments from the healthcare provider, such as reimbursements.</p> Signup and view all the answers

How does HIPAA's mandate for the usage of NPI affect healthcare data exchange and interoperability?

<p>It facilitates standardized identification of healthcare providers, improving data exchange and interoperability.</p> Signup and view all the answers

If a patient receives a bill for a service they believed was covered, what steps should they take, considering the definition of 'non-covered charges'?

<p>Review their insurance policy to confirm coverage, contact the insurance company, or appeal the denial.</p> Signup and view all the answers

Explain how 'timely filing limits' can create challenges for healthcare providers in managing their claims submission processes.

<p>Providers must track and adhere to varying filing limits from different payers, which can be complex and time-consuming.</p> Signup and view all the answers

Flashcards

National Provider Identifier (NPI)

A 10-digit, intelligence-free, numeric identifier for providers and suppliers issued by CMS; HIPAA mandates its use.

Non-Covered Charges

Service or procedure not listed as a covered benefit in the payer's master benefit list and may not be billable.

Policy Number / Member identification number / HIC number (Medicare)

Number given by an insurance company to the policyholder to identify the contract.

Out of Network

Medical care sought from providers who do not have a contract with specific managed care plans.

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Participating Provider (In-network provider)

A doctor or hospital contracted with the insurance company, agreeing to terms and payment conditions.

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Timely filing limit

The time frame payers give to providers to submit claims and get reimbursed.

Signup and view all the flashcards

UB-92 / UB-04 / CMS 1450

A form used by hospitals to file insurance claims for medical services.

Signup and view all the flashcards

Write off

The amount that is waived off by the provider, usually a loss borne in the process.

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W-9 Form

Tax form which certifies an individual's tax identification number.

Signup and view all the flashcards

Study Notes

  • National Provider Identifier (NPI) is a 10-digit, intelligence-free, numeric identifier for providers and suppliers, issued by CMS, and its usage is mandated by HIPAA.
  • Non-Covered Charges refer to a service or procedure not listed as a covered benefit in the payer's master benefit list, and these charges may or may not be billable to the patient.
  • Policy Number, Member Identification Number, or HIC Number (Medicare) given by the insurance company helps the policyholder identify their contract.
  • Out of Network refers to medical care sought from non-contracted providers, specifically those without contracts with specific managed care plans.
  • Participating Provider (In-network provider) refers to a doctor or hospital contracted with the insurance company, having agreed to certain terms and payment conditions set by the insurance plan.
  • Timely filing limit refers to the time frame payers give to providers to submit claims and get reimbursed.
  • UB-92, UB-04 (Uniform billing 92 / 04), or CMS 1450 is a form used by hospitals to file insurance claims for medical services.
  • Write off is the amount that is waived off by the provider, usually a loss borne by the provider.
  • W-9 Form is a tax form that certifies an individual's tax identification number.

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