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What else can I help you with?
When a patient has a credit balance on his or her account what adjustment is posted to the account?
When a patient has a credit balance on their account, a refund adjustment is typically posted. This adjustment reflects the amount overpaid by the patient, which may result from overpayments, insurance adjustments, or billing errors. The credit balance can be refunded to the patient or applied to future services, depending on the practice's policy and the patient's preference.
What would happen if a capitated patient account was not adjusted to a zero balance?
the patient would have to pay
What is the medical meaning for an credit adjustment?
A credit adjustment reduces the patient's account balance. Which means money that the patient had paid and has been acredited to their balance.
How is deductible met?
When the insured/beneficiary (patient) pays the total deductible amount out of his own pocket. A deductible is the amount for which the patient is financially responsible before an insurance policy provides payment.
What is deductible in medical billing?
deductible mean patient should pay pearticular amount to the provider, before provider start treting the patient.
When primary insurance deductible is higher than secondary insurance deductible can you collect the higher deductible and bill the patient?
In cases where the primary insurance deductible is higher than the secondary insurance deductible, you can typically collect the higher primary deductible from the patient at the time of service. However, it’s important to verify the specific policy provisions and guidelines of both insurance plans, as well as any applicable state laws regarding billing practices. Always ensure clear communication with the patient regarding their financial responsibilities to avoid confusion.
Can medical providers decide to refuse to accept health insurance benefits after benefits were applied to a patient's account?
They cannot refuse "after-the-fact."
If Primary insurance paid more thatsecondary would allow. Is patient responsible for deductible and coinsurance?
Is the patient responsible for deductible and coinsurance if primary insurance paid more than secondary would have allowed.
What is the total of all account balances that are due to the physician called?
The total amount of all accounts that is due to a physician is simply referred to as the balance due. Care should be taken to not confuse this amount with the balance due from the patient, as opposed to the balance due from the patient as well as his or her insurance company.
When a patient account is turned over to a collection agency what adjustment is posted to the account?
When a patient account is turned over to a collection agency, an adjustment is typically posted to reflect the transfer of the account. This adjustment may involve writing off the balance as uncollectible or marking it as "sent to collections." The specific accounting entry depends on the organization's policies, but it generally reduces the accounts receivable balance and may record a corresponding expense.
What is another name for the patient account record?
ANOTHER NAME FOR THE PATIENT ACCOUNT RECORD IS THE PATIENT?
Would you still see the patient if they owed a back balance?
If the patient was trustworthy and I knew the patient would pay the back balance.
