The formula to calculate the Amounts Generally Billed (AGB) is:
\[ AGB = \left( \frac{SCA}{SGC} \right) \times 100 \]
Where:
Let's say the sum of claims allowed (SCA) is $500,000, and the sum of gross charges (SGC) is $1,000,000. Using the formula:
\[ AGB = \left( \frac{500,000}{1,000,000} \right) \times 100 = 50 \% \]
So, the amounts generally billed is 50%.
Definition: The billed amount in medical billing is the total charge for medical services provided.
Formula: \( \text{Billed Amount} = \text{Service Cost} + \text{Additional Fees} \)
Example: \( \text{Billed Amount} = 200 + 50 \)
Definition: This calculator helps determine the total amount of bills to be paid each month.
Formula: \( \text{Total Monthly Bills} = \sum \text{Individual Bills} \)
Example: \( \text{Total Monthly Bills} = 100 + 200 + 150 \)
Definition: Calculating billings involves summing up all charges for services provided over a period.
Formula: \( \text{Total Billings} = \sum \text{Service Charges} \)
Example: \( \text{Total Billings} = 300 + 400 + 250 \)
Definition: Calculating medical bills involves adding up all costs associated with medical services and treatments.
Formula: \( \text{Medical Bills} = \text{Service Cost} + \text{Medication Cost} + \text{Additional Fees} \)
Example: \( \text{Medical Bills} = 500 + 100 + 50 \)
