charge

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charge

The amount of money that a local Social Services Department in the UK may invoice a person receiving a service.

charge

Managed care The posted price of a service provided by a hospital or health care facility; Medicare requires hospitals to apply the same schedule of charges to all Pts, regardless of the expected sources or amount of payment. See Fees.

charge

(charj)
1. In electricity, the amount of electrical force present.
2. To add electrical energy to a battery.
3. The cost to the patient and/or the third-party payer for a medical service or hospitalization.

covered charge

A medical service reimbursable by a third-party payer.

customary and reasonable charge

The usual cost of a service to a patient. The term is used in the medical insurance industry to determine the amount the provider will be reimbursed for the service or procedure. Under Medicare, this is the lowest customary fee charged by a physician for a service or the prevailing fee of other area physicians for the same service.

maximum allowable charge

Abbreviation: MAC
In medical care financial management, the maximum reimbursement rate a health plan will allow for the cost of services such as prescribed medicines or professional fees.

prevailing charge

The typical fee that a health care provider bills for a service, e.g., an office visit or a surgical procedure.
References in periodicals archive ?
To understand how to use the budget, consider a firm with 16,500 total chargeable hours.
In allocating this last category of administrative expense, a fiduciary looks for direction from the will and determines whether the item is chargeable against the estate's income or corpus.
Under its proposal, Ultralife hopes to receive up to $750,000 over two years to fund between 40% and 50% of its expenses to develop lithium-ion chargeable batteries.
However, in calculating chargeable and nonchargeable expenses for nonunion members, the auditors prepared special reports pursuant to Statement on Auditing Standards no.
Amati Global Investors Limited, manager of Amati VCT 2 plc ("VCT"), announces that the VCT's unaudited net asset value per share as at 9 June 2011, after taking account of amounts receivable or chargeable to the VCT's income account, was 32.
266-(1)(b)(iv) further states that the section applies to any other taxes and carrying charges with respect to property otherwise deductible that, in the IRS's opinion and under sound accounting principles, are chargeable to a capital account.
The regulation will also require insurers to offer certain assigned risk insureds coverage in their standard market program under the following circumstances: -- If a named insured has a clean record (free from all chargeable accidents and point violations over a three-year period) the assigned risk insurer must offer coverage in the standard market after one year in the Assigned Risk Plan.
Amati Global Investors Limited, manager of Amati VCT 2 plc ("VCT"), announces that the VCT's unaudited net asset value per share as at 31 May 2011, after taking account of amounts receivable or chargeable to the VCT's income account, was 31.
Any expenditures that are considered in the determination of taxable income for any tax year are not considered to be chargeable to capital account.
Union officials are required by "Hudson" to disclose their bargaining and non-bargaining expenses before they collect any forced dues so that the employees can decide whether to object to union officials' claims of chargeable and non-chargeable activities.
Professors Nathan, Peled and Golodnitsky have developed a solution that combines the low internal resistance characteristics of a thin film battery with the high capacity of regular chargeable lithium batteries.
In New South Wales, Kidman Resources, has commenced reverse circulation drilling at its Wilmatha copper, gold and silver plan, targeting highly chargeable zones identified from an Induced Polarisation survey completed in March 2012.