Fiscal Year is the annual budgeting and accounting period used by Medicare and the federal government for financial planning and reporting. 🧠 Full Definition The term Fiscal Year refers to the government’s official 12-month financial reporting and budgeting period. For Medicare and most federal … [Read more...] about Fiscal Year

Financial Interchange refers to transfers between government trust funds and Railroad Retirement accounts to align financing with Social Security-equivalent coverage rules. 🧠 Full Definition The term Financial Interchange refers to provisions under the Railroad Retirement Act that authorize … [Read more...] about Financial Interchange

Financial Data refers to information used to evaluate the financial condition and operational performance of managed care organizations and healthcare entities. 🧠 Full Definition The term Financial Data refers to financial information associated with managed care organizations, health plans, and … [Read more...] about Financial Data

Fee-Screen Year is the designated period during which Medicare Supplementary Medical Insurance (SMI) fee schedules and recognized payment amounts apply. 🧠 Full Definition The term Fee-Screen Year refers to the timeframe used for Medicare SMI-recognized fee schedules and reimbursement … [Read more...] about Fee-Screen Year

Fee Schedule is a listing of payment amounts used by Medicare and health plans to reimburse healthcare providers for covered services. 🧠 Full Definition The term Fee Schedule refers to a structured list of reimbursement amounts used by Medicare and other health plans to determine payment levels … [Read more...] about Fee Schedule

Federal Medical Assistance Percentage is the percentage of Medicaid program costs paid by the federal government. 🧠 Full Definition The term Federal Medical Assistance Percentage refers to the federal government’s share of Medicaid program funding provided to states. Commonly called FMAP, this … [Read more...] about Federal Medical Assistance Percentage

Federal Insurance Contributions Act is the federal law authorizing payroll taxes that help fund Social Security and Medicare Hospital Insurance programs. 🧠 Full Definition The term Federal Insurance Contributions Act refers to the federal payroll tax law commonly known as FICA. This law … [Read more...] about Federal Insurance Contributions Act

Federal Insurance Contribution Act Payroll Tax is the payroll tax collected under FICA that helps finance the Medicare Hospital Insurance (HI) Trust Fund. 🧠 Full Definition The term Federal Insurance Contribution Act Payroll Tax refers to the Medicare-related payroll tax collected from employers … [Read more...] about Federal Insurance Contribution Act Payroll Tax

Federal General Revenues are federal tax revenues collected by the government that are not specifically dedicated to a particular program or purpose. 🧠 Full Definition The term Federal General Revenues refers to tax revenue collected by the federal government, primarily through individual and … [Read more...] about Federal General Revenues

Facility Charge is a healthcare cost associated with the facility or location where medical treatment or services are provided. 🧠 Full Definition The term Facility Charge refers to costs that may be charged based on the healthcare facility where a service is received. Some Medicare plans and … [Read more...] about Facility Charge

Expense is the cost incurred or funds spent while providing services, operating programs, or carrying out healthcare-related activities. 🧠 Full Definition The term Expense refers to costs incurred or funds spent in connection with providing goods, delivering healthcare services, or performing … [Read more...] about Expense

Expenditure is the disbursement or transfer of funds used to pay expenses, obligations, or healthcare program costs. 🧠 Full Definition The term Expenditure refers to the payment or transfer of funds through checks, cash disbursements, or electronic transactions to settle expenses or program … [Read more...] about Expenditure

Excess Charges are amounts charged by a healthcare provider above the Medicare-approved payment amount under Original Medicare. 🧠 Full Definition The term Excess Charges refers to the difference between a provider’s actual billed charge and the Medicare-approved payment amount for covered … [Read more...] about Excess Charges

Episode is a 60-day payment period used in the Medicare Home Health Prospective Payment System (HH PPS). 🧠 Full Definition The term Episode refers to the standard 60-day unit of payment used under the Medicare Home Health Prospective Payment System (HH PPS). During this period, Medicare … [Read more...] about Episode

Entity Assets are assets a reporting organization has legal authority or operational responsibility to use in carrying out its functions and obligations. 🧠 Full Definition The term Entity Assets refers to assets that a reporting entity has the authority to manage, allocate, or use in support of … [Read more...] about Entity Assets