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How could you use remit in a sentence?
When I remit this last payment, I will own my car outright.When you are ready to pay this bill, please remit the full amount to me.
What does bill type 132 MEAN ON UB?
Bill type 132 on a UB (Uniform Billing) form typically refers to a "Bill Type 132 - Inpatient" for a non-Medicare patient, often used for billing inpatient services in hospitals. It indicates that the claim is for a facility providing inpatient care under a specific payment method. This code helps insurers and payers classify the type of service provided for accurate billing and reimbursement.
When submitting the 837I or Form CMS-1450 the Type of Bill (TOB) is always required.?
Yes, when submitting the 837I or Form CMS-1450, the Type of Bill (TOB) is a mandatory element. The TOB indicates the specific type of service provided and is essential for proper claims processing and reimbursement. It helps identify the billing entity and the nature of the services rendered, ensuring that claims are directed correctly within the healthcare payment system.
What is 4 percent 25th prox net 60?
These are accounts receivable and accounts payable terms. "4% 25th prox" means that the payer of this invoice will be granted a 4% discount (usually excluding freight costs) if the bill is paid by the 25th of the next month. "Net 60" means that the full invoice is due 60 days after the invoice date. On a Receivables side, it is important to save envelopes of incoming payments which have NOT met the discount deadline, to document when a payment was mailed. Part of the Payables/Receivables cat-and-mouse game is for a customer (the payer) to PRINT a check in time to deduct the discount - but not MAIL it until the customer has funds to cover it. The vendor (seller who is owed the money) has offered the discount if paid according to the terms, and if the payer does not honor the terms, the payer forfeits the discount. In a dispute, the remittance envelope proves the payment date. In reality, if the payer usually pays timely and is otherwise a good customer, the vendor will grant the discount. It's all negotiable.
Is Bill a compound word?
No, bill is not a compound word.
