Outpatient Claim

A formal request for payment submitted by a healthcare provider to an insurance company or payer for medical services rendered to a patient on an outpatient basis.

 

Ambulatory Care:

Healthcare services provided in an outpatient setting, allowing patients to receive medical care without the need for overnight hospitalization.

 

CPT Code (Current Procedural Terminology):

A set of medical codes used to describe specific procedures and services provided by healthcare professionals, crucial for billing and reimbursement in outpatient claims.

 

ICD-10 Code (International Classification of Diseases, 10th Edition):

A coding system used to classify and report diseases, conditions, and related health problems, providing a standardized language for outpatient claim submissions.

 

EOB (Explanation of Benefits):

A statement from the insurance company detailing the processing of an outpatient claim, outlining the services covered, amounts paid, and any patient responsibility.

 

Preauthorization:

The process of obtaining approval from an insurance company before providing certain outpatient medical services, ensuring coverage and reimbursement.

 

Deductible:

The amount a patient must pay out of pocket for covered healthcare services before the insurance plan starts contributing, impacting the calculation of outpatient claims.

 

Co-payment:

A fixed amount that a patient pays at the time of receiving outpatient services, often required for each visit and varying based on the type of service.

 

Co-insurance:

The percentage of outpatient healthcare costs that a patient is responsible for after meeting the deductible, with the insurance plan covering the remaining percentage.

 

Provider Network:

A network of healthcare providers with which an insurance plan has negotiated rates, affecting the cost-sharing components of outpatient claims.