What are billing services?
Billing Services means an entity or person that bills on behalf of a physician, dentist or lab practice on an outsourced or contracted basis; provided, however, no CHC Competitor, clearinghouse, POMIS vendor, or aggregator or processor of healthcare electronic transactions shall be a Billing Service for purposes hereof …
What is COBRA direct billing?
Direct Billing Services for COBRA and Beyond COBRA is a federal law that requires employers offering health care benefits to extend coverage options to people who would otherwise lose them because of job loss, leave of absence, or other qualifying events.
What is direct bill administration?
Direct Billing occurs when employers directly bill employees to collect payments that can’t be collected through payroll deductions. Common scenarios include retiree billing, employees on leave, employees with fluctuating schedules, part-time employees that are offered benefits, and voluntary benefits.
What is direct billing?
Direct Billing is an arrangement whereby guest charges are transferred to an Accounts Receivable account for payment. Typically, when a guest uses direct billing, an invoice is sent directly to the guest’s company or other sponsoring organization.
What is billing job description?
Billing clerks create invoices, credit memos, update accounting records, customer information, and send payment reminders. They deal with customers, send them invoices, and answer any queries.
How much should I charge for billing services?
Percentage-Based Medical Billing Fees — What to Look Out For Typically, the percentage charged is between 5 and 7 percent. But in practice, the range can vary from 3 to 10 percent. Any company charging at the extreme of this range should warrant a double-take.
What is payflex Cobra?
COBRA stands for the Consolidated Omnibus Budget Reconciliation Act. It’s a federal law that protects you and your covered dependents. In short, COBRA gives you the right to continue group health benefits for a short time after certain qualifying events.
What is Wex Cobra?
COBRA + Direct Bill from WEX WEX simplifies COBRA and direct bill for clients through online elections and open enrollment, real-time payments, mailing required notices, robust reporting, seamless integrations, and more.
What is agency bill vs direct bill?
Direct vs. agency bill. Direct bill and agency bill are exactly what you might think: Direct bill is when the surety company bills the client; agency bill is when you bill the client. With agency bill, you’re paid your commission upfront, upon your receipt of payment from the client.
What does bill to company mean?
The person or company listed on an invoice or some other demand for payment as the party responsible for paying for a good or service. The bill-to party is often, but not always, the buyer of the good or service.