See: premium rate.
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A charge levied by carriers selling capacity forward over a given route to a shipper or forwarder; the client is therefore assured of capacity which must be paid for regardless of load carried.
Tag: USA
Contract type
See: coverage type.
Contract year
Twelve consecutive months starting with the beginning date of coverage; this period may not always coincide with a calendar year.
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This period runs from the effective date to the expiration of the contract.
Contracted discount rate
See: discounted fee-for-service (discounted FFS).
Contracted services
Those covered insurance benefits provided by the physician that are consistent with the physician’s training, licensor, and scope of practice.
Contracting hospital
Facility that has a legal agreement with a managed care plan to provide specific hospital services to members of the plan.
Contractor
1. See insurance carrier. 2. See fiscal agent. 3. See fiscal intermediary. 4. See durable medical equipment regional carrier (DMERC). 5. See regional home health intermediary (RHHI). 6. See program safeguard contractor (PSC). Also known as insurer or carrier.
Contractor policy
Policy developed by Centers for Medicare and Medicaid Services (CMS) contractors (fiscal intermediary or carrier, affiliated contractor, provider service carrier) and used to make coverage and coding determinations. It is developed when there is an absence of national coverage policy for a service or all of the uses of a service; there is a need to interpret national coverage policy; or there is a need for local coding rules.
Contractual adjustment
Difference between the allowed amount and the billed amount that is credited to an account as agreed upon in the insurance contract with the provider of service.
Contractual adjustment arrangement
System of making hospital payments through a formal agreement with an insurance payer to accept for a patient or group of patients a discounted amount instead of actual fees as full payment for medical services.