What is value code 01 and 02?
Asked by: Prof. Rollin Kiehn | Last update: December 30, 2025Score: 4.6/5 (71 votes)
What does value code 01 mean?
Definition. 01. Most Common Semi-Private Rate. To provide for the recording of hospital's most common semi-private rate.
What is denial code 02?
Denial code 2 means that the insurance company is denying the claim because the patient has not paid their required coinsurance amount. The coinsurance amount is the portion of the medical bill that the patient is responsible for paying out of pocket, after the insurance company has paid their portion.
What is condition code 01?
FL 18-28 - Condition Codes. 01 Military service related. 02 Condition is employment related.
What does value code 02 mean?
Most common Semi-Private Rate - to provide for recording hospital's most common semi- private rate. 02. Hospital has no semi-private rooms - using this code requires $0.00 amount. 04. Inpatient Professional Component Charges Which Are Combined Billed - (Used only by some all- inclusive rate hospitals)
Writing Cleaner More Resilient Code With Value Objects
What is 02 in medical terms?
the answer is quite simple. Oxygen is also known as O2, which is the chemical abbreviation for the oxygen molecule.
What is the condition code 02?
02 Condition is Employment Related - Providers enter this code if the patient alleges that the medical condition causing this episode of care is due to environment/events resulting from employment.
What is patient status code 01?
01 (Discharged to home or self care [routine discharge])
What does status code 01 mean?
Definition: A code indicating the disposition or discharge status of the patient at the end of service for the period covered on the bill/record or claim. 01 Discharged to home or self-care (routine discharge).
What does declined 02 mean?
02 – Refer to issuer (special condition)
Just like Code 01, the issuing bank (Visa, Mastercard, etc.) prevented the transaction. Same as Code 01 - ask for a separate card to complete the transaction and/or ask the customer to call their credit card bank and figure out why the transaction was declined.
What is a denial code 01?
What is Denial Code 1. Denial code 1 is related to the deductible amount. It indicates that the claim has been denied because the patient has not met their deductible for the specific service or treatment.
What is the code 02 for transaction declined response?
Possible Reasons You're Receiving Decline Code 02
The credit card decline Code 02 instructs the cardholder to refer to their issuer for a special condition. Similar to Decline Code 01, the financial institution that issued the card is declining the transaction.
What does code 01 mean?
Response Code: 01 - Refer to Issuer. The customer's card issuer has indicated there is a problem with the card number. The customer should contact their bank or the customer should use an alternate card. Sometimes this response code can also be due to a transaction being declined by Fraud Protection.
What's a value code?
Value codes are required on an institutional claim to identify data elements such as: Medicare lifetime reserve days, no-fault payments, and the number of days not covered by the primary payer.
What does occurrence code 01 mean?
01. Auto accident Code indicates the date of an auto accident. This code is used to report an auto accident that involves liability insurance.
What is patient status code 02?
This code indicates the patient's status as of the “Through” date of the billing period (FL 6). 01 Discharged to home or self care (routine discharge) 02 Discharged/transferred to a short-term general hospital for inpatient care.
What does status code 1 mean?
We tend to get -1 status codes when there are network issues or connection problems, so we display the user a network problems page in those cases.
What is value code 02?
Value code. 02 - Hospital has no semi-private rooms. Entering this value code requires $0.00 amount.
What is 02 response code?
Response Code: 02 - Refer to Issuer, Special. The customer's card issue has indicated there is a problem with the card number.
What is telehealth code 02?
POS 02 is used for telehealth services provided in a location other than the patient's home. POS 10 is used for telehealth services provided to a patient located in their home.
What is O2 short for?
Oxygen | O2 | CID 977 - PubChem.
What does 02 level mean?
What does blood oxygen level mean? Your blood oxygen level (blood oxygen saturation) is the amount of oxygen you have circulating in your blood. Oxygen is essential to life, and our bodies need a certain amount of oxygen to function properly.
What is O2 in hospital?
Oxygen therapy helps your organs and tissues get the oxygen they need to work properly and be healthy. It also helps you recover from illness. If you feel short of breath and your oxygen levels are normal, oxygen therapy doesn't help.