1. Alert symbol used in the diagnostic code book titled International Classification of Diseases, Ninth Revision, Clinical Modification (ICD-9-CM) . It is used to indicate a diagnostic code or line of text that indicates the description is new to that specific annual edition. 2. New code symbol used in the procedure code book titled Current Procedural Terminology (CPT) . It is used to identify a service or procedure code that is new to that specific annual edition. 3. When an audit is taking place, term used to indicate evaluation and management criteria for documenting services rendered. Also known as an element .
Tag: USA
BUN
See: blood, urea, nitrogen (BUN) .
Bundled
1. Collection of several types of health insurance policies under one payer. 2. Inclusive grouping of procedural codes related to medical services when submitting an insurance claim.
Bundled billing
Establishing a price for an all-inclusive package or global fee for all medical services needed for specific procedures. Bundled billing may include professional and institutional services that are high-cost or common procedures (e.g., coronary artery bypass graft, kidney transplant, maternity care).
Bundled codes
To group more than one component (service or procedure) provided in one day into one CPT code for submission on an insurance claim.
Bundled insurance product
Type of life insurance in which the mortality, investment, and expense factors used to calculate premium rates and cash values are not identified separately in the policy (e.g., traditional whole life insurance).
Bundled rate
See: flat fee-per-case .
Bundling
1. To group minor medical services or surgeries together with principal procedures when provided at the same time and submit them to the insurance company for reimbursement. 2. A payment method in which the insurance company or government program groups together the payment of the lesser service into the payment for the principal procedure to reimburse the provider of the medical service. Also called global pricing and package pricing . See packaging .
Bureau of Health Insurance (BUI)
Agency within the Social Security Administration that administers the Medicare program. Actual operation of the program is carried out through arrangements with fiscal intermediaries and insurance carriers, who operate under contract with BHI/SSA and receive all policy guidance from the Centers for Medicare and Medicaid Services (CMS).
Burglary insurance
Type of business and personal insurance for loss of property due to theft or larceny.