The Options Clearing Corporation is an example of a clearing house that functions for the purpose of clearing equity options and bond derivatives, in order to ensure the proper implementation of these instruments.
Medical Terminology and Medical Billing. Professional medical billers have mastered the specialized language of medical code, and this code is based on the language of medicine. Medical billers and medical coders need to comfortable using and understanding medical terms in order to apply the correct codes to describe services delivered to patients.
Medical billing clean claim definition. The following definition shall apply to clean claims as used within the Horizon NJ Health Billing Guide: âClean claim means one that can be processed without obtaining additional information from the provider of the service or from a third party. It does not include a claim from a provider who is under investigation for fraud or abuse, or a claim under review for medical necessity.â.