Timely Billing definition
Timely Billing means billing Medicare, Medicaid, the Board, USDVA or any other Responsible Party within fourteen (14) days after the close of the monthly billing cycle in which the services are performed. However, notwithstanding the preceding sentence, billing for per-diem reimbursement must be received by the Board within the first three (3) business days of each month and must be filed with the USDVA by the close of the fifth (5th) business day of each month.
Examples of Timely Billing in a sentence
Operator, in complying with this provision, shall produce accurate and Timely Billing and collections to (i) the USDVA for per-diem reimbursement payments or other benefit claims for all eligible Residents; and (ii) the Residents or other entities responsible for the costs of a Resident’s care, including Medicare.
Operator shall take all reasonable measures to pursue Medicare or any other third-party payment plan to provide accurate and Timely Billing and collections for services rendered to all Residents each month.