Vocabulary | Health Care Plans | Insurance in General | Working in the Medical Insurance Field | Mixture |
---|---|---|---|---|
What is a Schedule of benefits
What is a list of the medical services covered by an insurance policy
|
After
What is a fee for service payment made before or after services are provided?
|
Before patient visit
When is capitation payed?
|
Office manager
Who commonly heads administrative staff?
|
Collection process
If a patient payment is later than permitted under the financial policy of the practice what may be started
|
Electronic health record (EHR)
A computerized lifelong healthcare record for an individual that incorporates data from all sources that provide treatment for the individual
|
Indemnity
Managed Care
What are the two types of health care plans?
|
1. Clinics
2. Practices 3. Insurance Companies 4. Hospitals 5. Nursing Homes
Medical insurance specialists are employed mostly in what five places?
|
Pleasant tone, friendly attitude, helpful manner
What skills do effective communicators posses?
|
Percentage of a charge
Coinsurance is calculated based on:
|
Preferred provider organization (PPO)
What is a managed care network of providers under contract to provide services at discounted fees
|
1. Medically necessary
2. Premium 3. Deductible 4. Coinsurance
What four conditions must be met before the insurance company makes a payment for an indemnity claim?
|
Combine financing and delivery of healthcare services.
What is the goal of a managed care plan?
|
The movement of monies into or out of a business
What does it mean to manage cash flow?
|
After the encounter and after the payers payment is posted
When a patient has insurance coverage for which the practice will create a claim, the patients bill is due when?
|
Indemnity
What is a health plan that protects beneficiaries against losses
|
1. health maintenance organization
2. point of service plan 3. preferred provider organization 4. consumer driven health plans
List the four basic types of managed care plans.
|
1. Analyze charges and coverages
2. Process payments 3. Collect payments
Three main job functions of medical insurance specialists are:
|
Nearly 20; some with more than 80
How many health plans does the average practice work?
|
TRICARE, CHAMVA, Medicare, and Medicade
The major government sponsored health programs are:
|
Coinsurance
What is the percentage of each claim that an insured person must pay
|
1. Restricting patients choice
2. Requiring pre-authorization for services 3. Controlling the use of services 4. Controlling drug costs 5. Cost sharing
What five methods does an HMO use to contain cost?
|
Payments remain the same regardless of services rendered.
How are charges payed in the capitated rate payment system?
|
Systems that record, store and manage patient information
Name three types of health information technology.
|
Consumer driven health plan (CDHP)
Which of the following combines a health plan that has a high deductible and low premiums with a special savings account that is used to pay medical bills before the deducible has been met?
|