Assignment of Benefits in Medical Billing
Assignment of Benefits (AOB) is a legal agreement where the patient authorizes their insurance company to pay the healthcare provider directly for services rendered.
Assignment of Benefits in Medical Billing Explained
When a patient signs an AOB, they allow their insurance payer to send payment directly to the provider, rather than reimbursing the patient. This simplifies the payment process for both the provider and the patient and ensures that the provider is compensated promptly for their services.
For example, a patient signs an AOB form during their visit, allowing the insurance company to send payments directly to the provider for their treatment.
Find common acronyms and abbreviations in Medical billing glossary.
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