The Meaning of Contractual Allowance Is

question 20

Multiple Choice

The meaning of contractual allowance is

• A) Ensures the hospital or provider will get paid 100% of billed charges for services rendered.
• B) The minimum amount an insurance carrier will pay a hospital or provider for services rendered.
• C) The contract set up between the patient and provider for allowable patient charges
• D) The maximum amount an insurance company will pay a hospital or provider for services rendered.
• E) None of these is correct.

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Definitions:

Feelings

subjective experiences of emotions, often described as what it is like internally to experience an emotion.

Central Moral Issue

The primary ethical or moral dilemma that is at the heart of a situation or problem.

Family

A social unit consisting of parents and their children, extended kin, or other individuals related by blood, marriage, or adoption.

Society

A community of people living together in a more or less ordered community, sharing habits, laws, and organizations.