What is UB 04 Form?
Yes, this is a question that occupies tremendous importance for people who have taken medical insurance at some point of their life. There are scores of instances where families had to face a harrowing time when insurance companies refuse to reimburse the claim amount. On a closer analysis, the real reason behind this denial comes out into the open. It is non-filing of the claim in correct manner which should have been the UB 04 forms in such instances. It may be noted these forms are designed in such a manner that it incorporates various guidelines laid down by HIPAA. Remember - HIPAA is the regulatory authority responsible for standardizing medical insurance billing.
Usually, the UB 04 forms has many fields that are to be filled up correctly. For instance, type of bill, value codes and rev codes are the most vital of these fields. Each field has its own meaning and importance. For instance, the rev code means the procedure codes. Similarly, the type of bill represents a 3 digit number representing bill classification, frequency of bill and type of facility. Previous experiences have shown that people, who have been religiously filling out these forms accurately, have ended up getting their claim amount without any fuss.
Because filling all these by the medical providers for scores of patients can be a cumbersome process, this is where the presence of ub 04 software comes to great help.
The idea behind bringing UB 04 software is to make the process of completing these forms faster and quicker. Of course when it comes to loading the basic information in such management software program, you still need to make such the feeding of information is done accurately. After all, to make sure you get the print outs in the exact format, the loading of information hold the key. For instance, not putting the information accurately such as your date of birth etc in the form raises the chances of denial by the insurance carrier.
James Blee - About Author:
For more information on ub 04, check out the info available online https://www.speedysoftusa.com/ub-04.html
Article Source:
http://www.articleside.com/finance-articles/what-is-ub-04-form.htm
Related Finance Articles
Published by Colin Vilas on June 26th 2012 | Finance
Published by Leo T Garcia on August 1st 2012 | Finance
Published by Rajkumar Kaushal on June 26th 2012 | Finance
Published by Fredrick Gavin on August 24th 2012 | Finance
Published by Fredrick Gavin on August 24th 2012 | Finance
Published by Fredrick Gavin on August 24th 2012 | Finance
Published by Fredrick Gavin on August 24th 2012 | Finance
Published by Fredrick Gavin on August 24th 2012 | Finance
Published by Fredrick Gavin on August 24th 2012 | Finance