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10mo ago

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What are the two major sections of the CMS-1500 form?

insured/third party payer


What are the two major section of the CMS -1500 Claim form?

insured/third party payer


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.


When coding 51797 is is necessary to add a modifier -51?

Modifier -51 is used in coding to indicate that multiple procedures were performed during the same session. For the code 51797, which refers to a specific procedure related to the urinary system, you would add modifier -51 if you are reporting multiple procedures and the payer requires it to indicate that the primary procedure is being billed alongside additional ones. However, if 51797 is the only procedure being billed, then modifier -51 is not necessary. Always check with the payer’s guidelines for specific requirements.


What does tr mean on a dividend check?

The "TR" on a dividend check typically stands for "Tax Reporting." It indicates that the dividends being reported may be subject to taxation and that the payer will provide necessary information to the tax authorities regarding this income. This designation helps recipients understand their potential tax obligations associated with the dividend payment.

Related Questions

What is the birth name of Jarnael Payer?

Jarnael Payer's birth name is Jarnael Joseph Payer.


Does an owner of a life insurance policy have to be the payer?

No, the owner of a life insurance policy does not have to be the payer. Pretty much anyone can be the payer.


Is payer or payor the correct spelling?

Payer is the correct spelling.


When did Evariste Payer die?

Evariste Payer died in 1963.


When was Walter Payer born?

Walter Payer was born in 1987.


What is the English word for payer?

payer is the French word for "to pay"


What actors and actresses appeared in Tax Payer - 2012?

The cast of Tax Payer - 2012 includes: Stefan Nistor as Tax Payer


Which person signs the front side of the check the payee or payer?

The payer.


What is an antonym for the word payer?

The person who is paid by the payer is the "payee" or collector.


Should you honor the allowed amount for a secondary payer if its less then the primary payer?

Yes, you should honor the allowed amount for a secondary payer even if it is less than what the primary payer has approved. The secondary payer's allowed amount is determined based on their own policies and agreements, and it may differ from the primary payer's reimbursement. It's important to follow the contractual obligations with each payer to ensure compliance and avoid potential disputes.


Who is a payer?

In accounts receivable, a payer is responsible for paying a bill. A payer in any other settings indicate the person that is responsible for paying for an item or service.


Who is payer?

In accounts receivable, a payer is responsible for paying a bill. A payer in any other settings indicate the person that is responsible for paying for an item or service.