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September 8, 2022

Contract Allowable and Payment Systems

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Contract Allowable and Payment Systems

Respond to the following in a minimum of 175 words:

What is a contract allowable?

What impact does it have on the reimbursement to the provider?

What is the difference between co-pay and coinsurance?

How will knowing these differences help you with billing and coding functions?

Provide details and examples.

Identify at least 3 types of payment systems. How are they used?

https://www.medicalbillingandcoding.org/insurance-claims-process/

https://www.dol.gov/general/topic/workcomp

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