Relationship between billing charge, accounts receivable, and contractual adjustment within healthcare
Relationship between billing charge, accounts receivable, and contractual adjustment within healthcare
Homework Answers
The relationship is explained below:-
Billing Charge:-
It means the amount charged for a particular service being delivered to the patient. It is based on the no of hours and doctors involved.
Accounts receivable:-
The services delivered but the payment not received is parked under this head, once the payment is received the same is shown under Billing Charge head
Contractual adjustment:-
This involves medi claim and insurance options in which the patient takes the service and later the payment is received from the insurance company/medi cliam
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Relationship between billing charge, accounts receivable, and contractual adjustment within healthcare
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