Claims Processing: How does your clearinghouse rank?Dennis Murray
The Trademark Clearinghouse (TMCH) is a centralized database of registered trademarks. As hundreds of new gTLDs have entered the market, this has opened up many new opportunities for fraudsters to leech off the efforts of well-known trademark holders. The institution of the TMCH is an integral ...
How Does the Automated Clearing House Work? An Automated Clearing House or ACH transaction begins with a request from the originator. Their bank batches the transaction with others, and sends those batches out at set times throughout the day. The batch isreceived and sorted by a clearinghouse, ...
How to Select a Good Claims ClearinghouseHow does one distinguish a good clearinghouse from a bad one? The answer is not always simple. But here are some important things to look for: Payer List: First and foremost, make sure that the insurances you bill on a regular basis are on their...
But as soon as you plop down a deposit on your own piece of suburbia, strange thoughts start running through your mind. In the suburban world, grass seems very important, and you're consumed by its mysteries. Why does your neighbor's lawn glow deep green, like a rolling golf course, wh...
This exchange takes place across a network called the Automated Clearing House (ACH).How does direct deposit work?On preset days, the employer’s bank sends direct deposit requests to the ACH, where they are processed and passed on to employees’ financial institutions. The banks then credit ...
How Does a Wire Transfer Work? The person or entity wishing to make a wire transfer first approaches a banking institution and directs them to transfer a specific amount of money. The sender provides the SWIFT or IBAN and BIC codes of the recipient so that the bank knows where the money ...
Describe the general characteristics of a futures contract. How does a clearinghouse facilitate the trading of financial futures contracts? Describe forward, futures, and options foreign currency markets, and discuss how they demonstrate arbitrage problems in international ...
Since currency futures are traded on centralized exchanges and through clearinghouses, and margins are put into place, this vastly reduces counterparty risk compared to currency forwards. A typical initial margin can be around 4% and a maintenance margin around 2%. ...
How does the HCFA form work? Practitioners like yourself (or, more realistically, your front-office staff or third-party medical billing team) will complete the HCFA form after a patient encounter. A complete HCFA form will include Current Procedural Terminology (CPT) codes for all services provi...