Medical

approved charge

Also found in: Financial.

approved charge

The money paid by Medicare (US) to a healthcare provider which it deems “reasonable and customary” for a particular covered medical service in a particular region, typically less than the actual charge.
Segen's Medical Dictionary. © 2012 Farlex, Inc. All rights reserved.

approved charge

Health insurance The monies paid under Medicare as the maximum fee for a covered service
McGraw-Hill Concise Dictionary of Modern Medicine. © 2002 by The McGraw-Hill Companies, Inc.
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References in periodicals archive
In addition, appropriated funds are available to pay the "gross-up" fee assessed by the Potomac Electric Power Company (Pepco) because the "gross-up" fee represents the cost of additional income taxes to Pepco that Pepco is attempting to recover through a regulatory approved charge and is not a direct tax upon the federal government.
Copayment (also called coinsurance): That portion (usually 20 percent) of the approved charge for healthcare that must be paid by the patient--along with any deductible.
The prevailing-charge source includes services where the prevailing charge was equal to the approved charge and was less than both the customary and submitted charges.
Any deviation from the approved charge is either recovered from or credited to customers effectively decoupling revenue from sales.
Using 1986 data from the local Medicare Part B carrier, we were able to identify, for each Part B service, the approved charge for each specific service, test, procedure, and item of equipment.
Any statements in this news release regarding future events, such as the company's expected uses of the newly approved natural gas delivery charges for ongoing system operation, maintenance and expansion costs, the target completion for the company's cast iron and bare steel pipeline replacement, the effective date of the newly approved charges, the average residential customer monthly bill increases, the outcome of the pending regulatory proceeding regarding tax benefits and their anticipated effect on customer bills, the continuation of the company's energy efficiency programs, including seeking an extension of such programs beyond 2020, and any other statements that are not historical facts are forward-looking statements.
Last week, the Director of Public Prosecutions (DPP) Mr Noordin Haji approved charges against Kiambu Governor Mr Ferdinand Waititu for conflict of interest, dealing with suspect property and abuse of office.
Federal prosecutors have approved charges against former Felda chairman Tan Sri Mohd Isa Abdul Samad over the overpriced purchase of a hotel in Sarawak, said the Malaysian Anti-Corruption Commission (MACC).
Director of Public Prosecutions Noordin Haji had approved charges against Keino who was due to appear in court this morning over the loss of Sh50m.
Police said the two were identified as suspects early on and the Kane County state's attorney's office approved charges and issued arrest warrants last week.
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