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      • The term circa is commonly used to indicate an approximate or estimated date or time period of something. It comes from the Latin word "circa," which means "around" or "approximately." When you see the abbreviation "c." before a date, it signifies that the date provided is not exact but is close to the actual time frame.
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  2. Mar 26, 2024 · A billing cycle is the interval between fulfilling an existing billing statement and issuing a new one. Billing cycles can occur weekly, biweekly, monthly, quarterly, or annually. When choosing a billing period, businesses and vendors must consider the nature of their products and services, as well as their customers’ needs.

  3. Timely filing is the amount of time that a provider has to submit a claim to the insurance company to ensure that the insurance company will pay the claim. If the provider does not submit the claims to the insurance company within timely filing limits the insurance company will deny the claim and the provider will not be paid for those services.

  4. A billing cycle or billing period is the time period between billing statements. Billing cycles are most often monthly, but depending on the industry, may vary between 3-6 weeks. Understanding when a billing cycle begins and ends can help both businesses and consumers.

    • Trisha Torrey
    • Compare Your Medical Bill to Other Documents. There are three pieces of paperwork you'll need to compare. The list of services performed. This may be handed to you when you leave the healthcare provider's office or testing site.
    • Know What's on Your Medical Bill. Your healthcare provider's bill will list the services provided to you. It also will provide other information, including
    • Understand the Description of Services on Your Medical Bill. Your medical bill will include a description of services but it isn't always easy to understand.
    • Check the CPT Codes. On your healthcare provider's bill, you'll see a five-digit code that represents the current procedural terminology code (CPT) code.
  5. Sep 29, 2021 · A billing cycle—also called a billing period or a statement period—is the time between two statement closing dates. At the end of a billing cycle, your transactions from the billing period and previous balances are added together to determine your statement balance.

  6. Jan 18, 2023 · Medical Billing Terms and Descriptions for Billers and Coders. Accounts Receivable (AR): The balance of money due to the provider for services delivered. If you’re filing claims regularly and posting the remits as they come in, AR should be the actual value of outstanding claims that need your attention.

  7. Insurance and Our Billing Process Not sure about what your insurance covers? Having a hard time figuring out your physician and hospital bill? Cleveland Clinic’s Revenue Cycle Management (RCM) team has prepared this pamphlet to answer questions you may have about insurance, billing, financial assistance and related topics.

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