Uniform Billing Code Of 1992
What Does Uniform Billing Code Of 1992 Mean?
The Uniform Billing Code of 1992 (UB-92) is a federal billing code used by hospitals when creating bills for patients for services rendered. Insurance companies review these bills and billing codes to determine the reimbursement amount for their policyholders, based on the specifics of their plans.
Insuranceopedia Explains Uniform Billing Code Of 1992
UB-92 requires hospitals to provide patients with itemized bills that clearly detail the charges for each service. The use of a uniform code simplifies the process for hospitals, insurance companies, and patients to understand exactly what services are being billed. Since hospital expenses can be extremely high, it is essential for both insurers and policyholders to accurately review the bill and the code to determine the charges. Without a clear way to understand the charges, there is a risk of overpayment by either the insurance companies or the patients.
