"Where Everyone Has an MBA"
Tel: (612) 246-4616
Tel: (612) 246-4616
CONTRACTUAL ALLOWANCE, in healthcare, is the difference between what hospitals bill and what they receive in payment from third party payers, most commonly government programs; also known as contractual adjustment.
BONDING is generally used by service companies as a guarantee to their clients that they have the necessary ability and financial tracking to meet their obligations. Bonds are also used to guarantee payment of duty for U.S. Customs entry.
QUOTE is to name the price of an asset or service, e.g. stock price or investment.
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