Posted inInsurance
Medical Cost Ratio (MCR)
Medical cost ratio (MCR) is a ratio calculated by the formula of dividing total medical expenses paid by an insurer by the total insurance premiums it collected.
Posted inInsurance Medical Billing
Health Maintenance Organization (HMO)
Health Maintenance Organization (HMO) is a health insurance plan that provides health services through a network of doctors, provides health services for a fixed annual fee.
Posted inMedical Billing
Medical Billing Guide (Training Manual)
Medical Billing Guide Medical billing is a crucial process in the healthcare system, serving as the financial backbone for healthcare providers. It involves the submission of healthcare claims to insurance…
Posted inMedical Billing
Terminology in Medical Billing
Medical billing terminology refers to the specialized language used in the healthcare industry to describe services, procedures, diagnoses, and the process of submitting claims for payment to insurance companies or…