Terms and Explanations Flashcards
What does “PA” stand for?
Physician Assistant
What does “EMT” stand for?
Emergency Medical Technician
What does “PCT” stand for?
Patient Care Technician
What does “EHRs” stand for?
Electronic Health Records
What’s another name for “Insurance?”
Carrier
What’s another name for “Medical Insurance?”
Health Insurance / Healthcare Provider
Define: First-Party
Patient / Guarantor
Define: Second-Party
Provider / Physician, Clinic or Hospital
Define: Third-Party
Insurance company for whom a claim has been submitted for repayment.
Define: Policy
A contract that states in the case of certain injuries or illnesses, the insurance carrier will pay some or all of the medical bills of the insured.
Define: Premiums
Payments made in advance, either monthly, quarterly, semi-annually or annually.
Define: Benefits
When an insurance company pays for medical treatment based on a policy.
Define: Reimbursement
The compensation or repayment for healthcare services.
Define: Participating Providers
“Contracted” physicians working with specific insurance companies.
Define: Allowable Charge
The maximum amount an insurance carrier will pay for a specific service; agreed to and accepted by participating providers.
Define: Usual, Customary and Reasonable
The maximum amount the insurer will consider eligible, for services rendered.
Define: Inpatient Setting
A facility, other than psychiatric, that provides diagnostic, therapeutic (both surgical and non-surgical) and rehabilitation services by or under the supervision of physicians to admitted patients.
Define: Outpatient Setting
A provider’s office, urgent care center, emergency department or an outpatient surgical facility.