Legal Definitions - healthcare-insurance receivable

A healthcare-insurance receivable is a claim or interest under an insurance policy that entitles the healthcare provider to receive payment for the goods or services provided to the patient. This means that the healthcare provider has the right to receive payment from the insurance company for the medical treatment provided to the patient.

For example, if a patient undergoes surgery and the healthcare provider bills the insurance company for the cost of the surgery, the healthcare provider has a healthcare-insurance receivable. The insurance company is obligated to pay the healthcare provider for the cost of the surgery, and the healthcare provider has the right to receive payment for the services provided.

Another example is when a patient receives medical treatment and the healthcare provider bills the patient's insurance company for the cost of the treatment. The healthcare provider has a healthcare-insurance receivable, and the insurance company is obligated to pay the healthcare provider for the cost of the treatment.

These examples illustrate how a healthcare-insurance receivable is a right to payment for healthcare goods or services provided by the healthcare provider.