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Why Is Communication an Important Factor in Competitive Situations

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Why is communication an important factor in competitive situations?


Definitions:

Insurance Policy

A contract between an individual or entity and an insurance company, detailing the terms for the payment of claims in the case of loss or damage.

Balance Billing

Billing a patient for the difference between a higher usual fee and a lower allowed charge.

Allowed Charge

The amount that is the most the payer will pay any provider for each procedure or service.

Copayment

A fixed amount that a healthcare beneficiary pays for covered medical services, usually at the time of receiving the service.

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