Medical billing terms 1

Card Set Information

Author:
lockfordian
ID:
29508
Filename:
Medical billing terms 1
Updated:
2010-08-10 02:06:27
Tags:
medical billing
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Description:
medical billing terms
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  1. Processor
    The "payer" or pharmacy manager of a specific insurance company that handles the electronic portion of each plan
  2. AWP
    Average Wholesale Price
  3. Co-Pay
    the portion of the cost of a prescription that the patient must pay to the pharmacy and is determined by the insurance plan
  4. Formulary
    A select list of preferred drugs that are approved for payment through an insurance company as a members benefit
  5. Help Desk
    The technical name for the location of a processor and is made up of pharmacy technicians, pharmacists and customer representatives

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