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Balance
(redirected from balance billing)

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
Balance

The amount of the original loan remaining to be paid.

It is equal to the loan amount less the sum of all prior payments of principal.



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However, New Jersey regulations state that members of an HMO have the right to "be free from balance billing by providers for medically necessary services.
Action: California appellate court rejects long standing views of managed care plans ("Plans") (and their regulatory agency) regarding balance billing of covered individuals for care in emergency rooms by emergency room physicians who do not have contracts with the Plans.
Since the transaction occurs real-time, while the patient is there, any cost shares are communicated and collected at that time, eliminating the need for balance billing.
 
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