Balance

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Account Balance

The amount available in an account. Simply put, the account balance is the net of all credits less all debits. A positive account balance indicates the account holder has funds available to him/her, while a negative balance indicates the holder owes money. Account balances are important in banking because they determine whether or not an account holder has money for living expenses and in margin accounts because they show whether the holder can conduct more margin transactions.

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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References in periodicals archive ?
Regardless, the issue of balance billing is mostly fabricated by the large PPO organizations and brokers who are still allied with them financially.
The rise of reference--based pricing: Reference-based pricing (RBP) is a fast-growing alternative to the PPO systems self-funded employers have utilized for their group benefit plans over the past 30 years
Finally, the researchers examine the impact of an innovative 2014 New York state law, which banned the practice of balance billing and required insurers and physicians to use binding arbitration to settle disputed bills.
Surprise Charges for Emergency Care
The cover story for the June 2016 CAP Today was titled "Clampdowns on Out-of-Network Billing Climb," (14) and yet many pathologists have little or no understanding of balance billing.
Twenty-First Century Pathologists' Advocacy
prohibits balance billing, plans and issuers are not required to satisfy
CONSUMER FINANCIAL PROTECTION IN HEALTH CARE
King predicted that physicians will continue to move out of the program, creating patient access issues, unless Congress gives them a way to recoup their costs, such as through the practice of balance billing.
Medicare at 50: fueling fundamental changes for medicine, seniors, society
At least as it pertains to insurance-subsidized patients, the prospect of balance billing for the full amount of the doctor's charge is a valuable, yet overlooked way of infusing much needed cash and professional pride back into the doctor's practice.
Balance billing and physician reimbursement in an age of austerity
Since the Medicare rate is often lower than the UCR, this practice, in effect, increases balance billing for the consumer (Appleby 2012; Kahn and Parke 2012; Mathews 2011; New York State Department of Financial Services 2012).
The out-of-network benefit: problems and policy solutions
From a public policy point of view, allowing balance billing raises serious concerns about the ability of patients, particularly cognitively impaired patients, to shop adequately for care.
Why physicians should like bundled payment
This legislation outlaws balance billing a Medicare beneficiary.
Price controls in medical practice
General information includes information on covered benefits, cost sharing, and balance billing liability under the original fee-for-service program; election procedures; grievance and appeals rights; and information on Medigap insurance and Medicare SELECT.
Part C: Medicare advantage
In addition, some states have enacted laws that prohibit physicians from balance billing their patients.
Medicare participation options for physicians
They believe the authorizing legislation was never intended to apply to healthcare providers who merely accept deferred payment from patients pending insurance claims and balance billing.
Physician offices may be required to implement "Red Flags Rule" in November

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