What does PBS stand for in the context of health insurance?

In the context of health insurance, PBS stands for Patient Balance Solutions. This term refers to the services or mechanisms in place that help manage and resolve the financial responsibilities that a patient has after their insurance has processed a claim. Patient Balance Solutions typically involve strategies to ensure that patients understand their financial obligations, making it easier for them to pay any remaining balances after the insurance has made its payments.

This approach often includes assistance with payment plans, billing inquiries, and providing clear statements that break down the charges and payments made. As healthcare costs continue to rise, Patient Balance Solutions have become increasingly vital in ensuring that patients can afford their healthcare while also helping providers manage outstanding accounts effectively.