Tag Archives: Financial Institutions and Insurance

What is Money? KSA 84-1-201(b)(24) defines “money” as a medium of exchange currently authorized or adopted by the United States or a foreign government. The term includes a monetary unit of account established by an intergovernmental organization or by agreement between two or more countries. A medium of exchange is an intermediary instrument used toContinue reading “Definition of Money and Money Transmitters”

As the costs of medical care continue to be a concern for patients, hospital price transparency policies help individuals know the cost of an item or service before receiving it. At the federal level, requirements for hospitals to provide clear pricing information online were enacted beginning January 1, 2021, in Section 2718(e) of the PublicContinue reading “Hospital Price Transparency”

Defining Prior Authorization for Health Care The Centers for Medicare and Medicaid Services (CMS) defines prior authorization as “approval from a health plan that may be required before you get a service or fill a prescription in order for the service or prescription to be covered by your plan.” Kansas Administrative Regulations define prior authorizationContinue reading “Prior Authorization”