Examples of Contractual Allowance in a sentence
Gross Charge – The full established price for medical care that is consistently and uniformly charged all patients before applying any Contractual Allowance, discount, or deduction.
Contractual Allowance – The difference between the payment established under a contractual agreement and the Gross Charge for the medical care provided by FCCC.
The movement in the allowance for loan impairment is as follows: 2015 Contractual Allowance forinterest not loan impairmentrecognised Total RO’ 000RO’ 000 RO’ 000At 1 January 201530,6516,339 36,990Provided during the year12,8832,575 15,458General Provision - Islamic Banking444- 444Amounts written off during the year(93)(9) (102)Amounts released/recovered during the year(6,453)(1,524) (7,977)At 31 December 201537,4327,381 44,813 10.
For all “non-PathFinder” tests performed, if the Contractual Allowance did not reduce the NRV of the claim to 10% of the total claim, then the Company will reduce the claim until the NRV is 10% of the total claim.
For all “non-PathFinder” tests, if the Contractual Allowance did not reduce the NRV of the claim to 25% of the total claim, then RedPath will reduce the claim until the NRV is 25% of the total claim.