Offset in Medical Billing
Offset refers to the reduction of payment due to a previous overpayment or outstanding balance owed by the provider to the payer.
Offset in Medical Billing Explained
In medical billing, offsets are used by insurance companies to adjust future payments when there is an outstanding overpayment or when the provider owes money back to the payer. Offsets reduce the amount of reimbursement for future claims.
For example, if a provider was overpaid by $200 on a previous claim, the insurance company applies an offset by deducting $200 from a future payment.
Find common acronyms and abbreviations in Medical billing glossary.
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