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medical billing and coding chapter 2

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Term
Definition
coinsurance   predetermined percentage the patient is responsible to pay for covered services.  
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copayment   fixed amount that a patient pays for specific services.  
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covered benefits   services outlined in the policy that re payable by the health plan.  
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deductible   amount patient must pay before the insurance will begin to pay for covered benefits.  
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HMO   health maintenance organization. contracted providers that agree to the payment contract for its members.  
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noncovered services   services that are not payable by the health plan.  
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out-of-network   a provider who does not have signed agreement with an insurance plan.  
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policyholder   the individual who signs a contract with a health insurance company  
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PPO   preferred provider organization. providers join networks and are consider preferred when a patient seeks treatment.  
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ICD-10-CM   international classification of disease, 10th revision, clinical modification.  
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Medical record   contains facts, findings, and observations about a patient’s health.  
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Malpractice   a failure to use professional skill when giving medical services that results in injury or harm.  
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EHR electronic health record   are computerized, lifelong healthcare records with data from all sources.  
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Revenue Cycle with Medical Documentation   Both billing information and clinical information are collected from the patient and documented.  
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HIPPA   protect private health information, ensure coverage, uncover fraud and abuse, and create industry standards  
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Clearinghouse   Company that converts nonstandard transactions into standard transactions and transmits the data to health plans  
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who does a patients medical record belong to?   Medical record belongs to the provider who created it  
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Breach   impermissible use or disclosure of hippa that could pose significant risk to the affected person.  
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Fraud   intentional deceptive act to obtain a benefit by taking advantage of another person  
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PHI   individually identifiable health information transmitted or maintained by electronic media  
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Premium   the amount a patient pays each amount to receive service.  
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