FAIR Health, a healthcare data analytics and consumer education firm, is expanding its allowed amount resources this summer.
Here are three things to know.
1. Allowed amounts are the maximum a health plan will pay for a covered service.
2. The organization will create a suite of products comprising allowed amounts for HCPCS, dental, outpatient and anesthesia procedures based on its claims database. FAIR Health's current FH Allowed Medical Benchmarks includes allowed amounts benchmarks for more than 11,000 CPT codes by local market area.
3. FAIR Health said "by introducing the additional categories of allowed amount benchmarks alongside our charge benchmarks that reflect the non-discounted fees billed by providers before any network discounts are applied, we are offering the healthcare sector a fuller perspective on the healthcare market."