🎧 New: AI-Generated Podcasts Turn your study notes into engaging audio conversations. Learn more

Medical Billing Chapter 17 Flashcards
17 Questions
102 Views

Medical Billing Chapter 17 Flashcards

Created by
@BeneficialThermodynamics

Podcast Beta

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What does 'third party reimbursement' indicate?

  • Payment of services by the provider
  • Payment of services by the patient
  • Payment of services by someone other than the patient (correct)
  • Payment of services by the government
  • When have providers been urged to send claims electronically?

    Since 2005

    What is the CMS 1500 form used for?

    Billing in medical offices

    What are common claim errors?

    <p>Errors found from third party payers</p> Signup and view all the answers

    What does NPI stand for?

    <p>National Provider Identifier</p> Signup and view all the answers

    What should you check for when completing a claim form?

    <p>A photocopy of the patient's insurance card</p> Signup and view all the answers

    Medicare will only accept handwritten signatures.

    <p>False</p> Signup and view all the answers

    What is the benefit of filing claims electronically?

    <p>Shortened turnaround time</p> Signup and view all the answers

    Match the following forms with their corresponding names:

    <p>CMS 1500 = Standard claim form for medical billing CMS 1450 = UB-40 form</p> Signup and view all the answers

    What do clearinghouses charge providers for?

    <p>Services with fees based on volume</p> Signup and view all the answers

    How quickly is payment received via electronic claims tracking?

    <p>Usually within 24 hours</p> Signup and view all the answers

    What is one advantage of electronic claims tracking?

    <p>Reduction of lost time</p> Signup and view all the answers

    What is a consequence of manual claims tracking?

    <p>Payment delays</p> Signup and view all the answers

    What should be done for delinquent claims?

    <p>Follow up after the appropriate time period</p> Signup and view all the answers

    What is a remittance Medicare?

    <p>Multipurpose form accompanying payments</p> Signup and view all the answers

    What should be posted to the account after an insurance adjustment?

    <p>Amount of the insurance adjustment</p> Signup and view all the answers

    What information should be included in the procedure steps?

    <p>Insurance company name and payment date</p> Signup and view all the answers

    Study Notes

    Third Party Reimbursement

    • Refers to payment for services provided by a third party, not the patient.

    History of Claims

    • Providers encouraged to submit claims electronically since 2005.
    • Compliance with HIPAA is essential for reimbursement processes.

    CMS 1500 Form

    • Standard claim form used in medical offices.
    • Accepted by Medicare, Medicaid, and most health insurance groups for reimbursement.

    Common Claim Errors

    • Errors detected by third-party payers can lead to claim rejection.
    • Medical facilities must resubmit corrected claims upon rejection.

    National Provider Identifier (NPI)

    • Unique identification for healthcare providers in a 10-digit format.

    Procedure to Complete a Claim Form

    • Ensure a photocopy of the patient's insurance card is available before submission.

    Medicare Signature Acceptance

    • Medicare accepts stamped signatures; other carriers accept typed names and credentials as valid signatures.

    Filing Claims Electronically

    • Reduces turnaround time and preparation time for claims processors.
    • Enhances efficiency in the claims filing process.

    CMS 1450 Form

    • Also known as the UB-40 form, used for institutional claims.

    Clearinghouses

    • Facilitate claims processing for providers, charging fees such as startup, monthly, or per-claim transaction fees based on volume.

    Electronic Claims Tracking

    • Claims typically reach payers within 24 hours, accelerating payment processes.
    • Online tracking allows real-time updates and alerts for claim issues.

    Manual Claims Tracking

    • Involves a lengthy process that can lead to payment delays.

    Delinquent Claims

    • Claims not paid within designated periods require follow-up if no denial is received.

    Remittance Medicare

    • A multipurpose form necessary with payments sent to the Federal Communications Commission.

    Procedure Payments and Adjustments to Patient Accounts

    • Insurance adjustments must be recorded in the credit column of patient accounts.

    Procedure Steps

    • Document the name of the insurance company, payment date, and adjustment details for records.

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Description

    Test your knowledge on key terms from Chapter 17 of medical billing. This quiz includes definitions and concepts such as third party reimbursement, history of claims, and the CMS 1500 form. Perfect for students preparing for exams in healthcare administration.

    Use Quizgecko on...
    Browser
    Browser