Overpayment Recovery in Medical Billing
Overpayment recovery refers to the process of reclaiming funds that were paid in excess of what was owed for medical services.
Overpayment Recovery in Medical Billing Explained
In medical billing, overpayment occurs when an insurance company or patient pays more than the billed amount. The healthcare provider or insurance company initiates overpayment recovery to refund or adjust the excess payment.
For example, if a provider receives a double payment for a claim, they will begin the overpayment recovery process to return the extra funds.
Find common acronyms and abbreviations in Medical billing glossary.
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