Reconciliation in Medical Billing
Reconciliation refers to the process of ensuring that payments received match the claims submitted to insurance companies.
Reconciliation in Medical Billing Explained
In medical billing, reconciliation involves comparing the payments received from payers with the amounts billed to ensure there are no discrepancies. It helps providers track unpaid claims and manage their financial records.
For example, a billing department performs reconciliation to verify that all claims submitted for a month have been paid correctly.
Explore acronyms and abbreviations in Medical billing glossary.
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