Author Question: What is meant by the term payment floor? What will be an ideal ... (Read 69 times)

audragclark

  • Hero Member
  • *****
  • Posts: 579
What is meant by the term payment floor?
 
  What will be an ideal response?

Question 2

What is the name of the period of time hospitals delay billing?
 
  What will be an ideal response?



DHRUVSHAH

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

A period of time Medicare and other insurance plans delay paying a claim after it has been adjudicated.

Answer to Question 2

The hold bill or bill-hold period.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

For a complete list of videos, visit our video library