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Health Insurance Specialist Career
The career of a health insurance specialist (or reimbursement specialist) is a challenging one, with opportunities for professional advancement.
37
Health Care
Undergraduate 1
07/23/2020

Additional Health Care Flashcards

 


 

Cards

Term
AAPC
Definition
Professional association, previously known as the American Academy of Professional Coders established to provide a national certification and credentialing process, to support the national and local membership by providing educational products and opportunities to networks, and to increase and promote national recognition and awareness of professional coding.
Term
American Association of Medical Assistants (AAMA)
Definition
Enables medical assisting professionals to enhance and demonstrate the knowledge skills, and professionalism required by employers and patients, as well as protect medical assistants' right to practice.
Term
American Health Information Management Association (AHIMA)
Definition
Founded in 1928 to improve the quality of medical records, and currently advances the health information management (HIM) profession toward an electronic and global environment, including implementation of ICD-10-CM and ICD-10-PCS in 2013.
Term
American Medical Billing Association (AMBA)
Definition
Offers the Certified Medical Reimbursement Specialist (CMRS)exam which recognizes competency of members who have met high standards of proficiency.
Term
bonding insurance
Definition
An insurance agreement that guarantees the repayment for financial losses resulting from the act or failure to act of an employee. It protects the financial operations of the employer.
Term
business liability insurance
Definition
Protects business assets and covers the cost of lawsuits resulting from bodily injury, personal injury, and false advertising.
Term
Centers for Medicare and Medicaid Services (CMS)
Definition
Formerly known as the Health Care Financing Administration ((HCFA); an administrative agency within the Federal Department omedif Health and Human Services (DHHS).
Term
claims examiner
Definition
Employed by third-party payers to review health-related claims to determine whether the charges are reasonable and medically necessary based on the patient's diagnosis.
Term
coding
Definition
Process of reporting diagnoses, procedures, and services as numeric and alphanumeric characters (called codes)on the insurance claim.
Term
Current Procedural Terminology (CPT)
Definition
Published by the American Medical Association; includes five-digit numeric codes and descriptors for procedures and services performed by providers (e.g., 99203 identifies a detail office visit for a new patient.
Term
embezzle
Definition
The illegal transfer of money or property as a fraudulent action; to steal money from an employer.
Term
errors and omissions insurance
Definition
See professional liability insurance.
Term
ethics
Definition
Principle of right or good conduct; rules that govern the conduct of members of a profession.
Term
explanation of benefits (EOB)
Definition
Report that details the results of processing a claim (e.g., payer reimburses provider $80 on a submitted charge of $100).
Term
HCPCS Level II codes
Definition
National codes published by CMS, which include five-digit alphanumeric codes for procedures, services, and supplies not classified in CPT
Term
health care provider
Definition
Physician or other health care practitioner (e.g., physician's assistant).
Term
health information technician
Definition
Professionals who manage patient health information and medical records, administer computer information systems, and code diagnoses and procedures for health care services provided to patients.
Term
health insurance claim
Definition
Documentation submitted to an insurance plan requesting reimbursement for health care services provided (e.g., CMS-1500 and UB-04 claims).
Term
health insurance specialist
Definition
A person who reviews health-related claims to match medical necessity to procedures or services performed before payment (reimbursement) is made to the provider; see also reimbursement specialist.
Term
Healthcare Common Procedure Coding System (HCPCS)
Definition
Coding system that consists of CPT, national codes(level II, and local codes (level III); local codes were discontinued in 2003; previously known as the HCFA Common Procedure Coding System.
Term
hold harmless clause
Definition
The policy that the patient is not responsible for paying what the insurance plan denies.
Term
independent contractor
Definition
Defined by the 'Lectric Law Library's Lexicon as "a person who performs services for another under an express or implied agreement and who is not subject the other's control, or right to control, of the manner and means of performing the services. The organization that hires and independent contractor is not liable for the acts or omissions of the independent contractor."
Term
International Classification of Diseases, 10th Revision, Clinical Modification (ICD-10-CM)
Definition
Coding system to be implemented on October 1, 2015, and used to report procedures and services on inpatient claims.
Term
International Classification of Diseases, 10th Revision, Procedural Coding System (ICD-10-PCS.
Definition
Coding system to be implemented on October 1, 2015, and used to report procedures and services on inpatient claims.
Term
internship
Definition
Nonpaid professional practice experience that benefits students and facilities that accept students for placement: students receive on-the-job experience before graduation, and the internship assists them in obtaining permanent employment.
Term
medical assistant
Definition
Employed by a provider to perform administrative and clinical tasks that keep the office or clinic running smoothly.
Term
medical malpractice insurance
Definition
A type of liability insurance that covers physicians and other healthcare professionals for liability claims arising from patient treatment.
Term
medical necessity
Definition
Involves linking every procedure or service code reported on an insurance claim to a condition code (e.g., disease, injury, sign, symptom, other reason for encounter) that justifies the need to perform that procedure or service.
Term
national codes
Definition
Commonly referred to as HCPCS level II codes; include five-digit alphanumeric codes for procedures, services, and supplies that are not classified in CPT (e.g., J-codes are used to assign drugs administered).
Term
professional liability insurance
Definition
Provides protection from liability as a result of errors and omissions when performing their professional services; also called errors and omissions insurance.
Term
professionalism
Definition
Conduct or qualities that characterize a professional person.
Term
property insurance
Definition
Protects business contents (e.g., buildings and equipment) against fire, theft, and other risks.
Term
reimbursement specialist
Definition
See health insurance specialist.
Term
remittance advice (remit)
Definition
Electronic or paper-based report of payment sent y the payer to the provider; includes patient name, patient health insurance claim (HIC) number, facility provider number/name, dates of service (from date/thru date), type of bill (TOB), charges, payment information, and reason and/or remark codes.
Term
respondeat superior
Definition
Latin for "let the master answer"; legal doctrine holding that the employer is liable for the actions and omissions of employees performed and committed within the scope of their employment.
Term
scope of practice
Definition
Health care services, determined by the state, that an NP and PA can perform.
Term
Workers' compensation insurance
Definition
Insurance program, mandated by Federal and State Governments, that requires employers to cover medical expenses and loss of wages for workers who are injured on the job or who have developed job-related disorders.
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