Asked by Allie Tangco on Apr 27, 2024
Verified
The request for approval for payment from a third-party payer prior to a procedure is the ____.
A) coinsurance
B) elective procedure
C) preauthorization
D) predetermination
E) explanation of payment
Preauthorization
Authorization or approval for payment from a third-party payer requested in advance of a specific procedure.
Third-party Payer
An entity (usually an insurance company or government agency) that pays medical expenses on behalf of the patient.
Elective Procedure
A medical procedure that is not required to sustain life but is requested for payment to the third-party payer by the patient or physician. Some elective procedures are paid for by third-party payers, whereas others are not.
- Explain the preauthorization process and its importance in medical billing.
Verified Answer
Learning Objectives
- Explain the preauthorization process and its importance in medical billing.
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