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Let compute .
Payment Delays
Occurrences when payments to creditors or vendors take longer than agreed upon, often due to administrative issues or financial problems.
Explanation of Benefits (EOB)
A document provided by insurance companies detailing what treatments/services were covered and what payment responsibilities the insured has.
Charge
The price or cost that someone has to pay for goods, a service, or admission to an event.
Third-Party Reimbursement
A phrase coined to indicate payment of services rendered by someone other than the patient. Today, the most common third-party payers are federal and state agencies, insurance companies, and workers’ compensation.
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