Diagnosis Code — This is a code used for billing that describes a patient's illness. Disallowed Amount — A disallowed amount is the difference between a hospital charge and the amount an insurance company approves. In some cases the patient is required to pay this difference.
Similarly one may ask, what is billed amount in health insurance?
Maximum amount on which payment is based for covered health care services. This may be called “eligible expense,” “payment allowance" or "negotiated rate." If your provider charges more than the allowed amount, you may have to pay the difference. (See Balance Billing.)
What is the allowed amount?
Allowed Amount. The maximum amount a plan will pay for a covered health care service. May also be called “eligible expense,” “payment allowance,” or “negotiated rate.” If your provider charges more than the plan's allowed amount, you may have to pay the difference. ( See Balance Billing)
Do doctors get paid by the hour?
After completing medical school and the required on-the-job training, in 2010 the average doctor earned $80 per hour, according to the U.S. Bureau of Labor Statistics. This hourly rate translates into an annual salary of $166,400.
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