Definition of Suspension Of Payments

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TeachMeFinance.com - explain Suspension Of Payments



Suspension Of Payments

The term 'Suspension Of Payments ' as it applies to the area of Medicare in the United States can be defined as ' The withholding of payment by an FI or carrier from a provider or supplier of an approved Medicare payment amount before a determination of the amount of the overpayment exists'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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