What discount applies if a bill is filed more than one week late?

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Multiple Choice

What discount applies if a bill is filed more than one week late?

In Rhode Island workers’ compensation medical billing, there’s a incentive to submit bills promptly by applying a late filing discount. If a bill is filed more than one week after the service date, a 10% reduction is applied to the amount payable. This means the insurer would pay 90% of the submitted charges, after considering the applicable fee schedule and any other authorized adjustments. The idea is to encourage timely submission and offset the extra administrative work involved in late filings. For bills filed within the one-week window, the full allowable amount per the fee schedule generally applies. For example, a late bill of $1,000 would be paid at $900, assuming no other adjustments.

In Rhode Island workers’ compensation medical billing, there’s a incentive to submit bills promptly by applying a late filing discount. If a bill is filed more than one week after the service date, a 10% reduction is applied to the amount payable. This means the insurer would pay 90% of the submitted charges, after considering the applicable fee schedule and any other authorized adjustments. The idea is to encourage timely submission and offset the extra administrative work involved in late filings. For bills filed within the one-week window, the full allowable amount per the fee schedule generally applies. For example, a late bill of $1,000 would be paid at $900, assuming no other adjustments.

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