Please answer the following questions: 1. What are contractual adjustments? What are examples of other...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Please answer the following questions: 1. What are contractual adjustments? What are examples of other deductions from revenue? How do they impact an organization's prot and loss statement? 2. Complete the chart using the following information. Physician ofce revenue for visit code 99215 has a billed charge of $102.00. The contracted rates for six payers are listed. This grid is based upon a one person visit and is designed to show the student how much the provider may have to discount charges based upon an individual insurance plan. Billed Contracted Contractual Charge Rate Adjustment FHP $102.00 $35.70 HPHP $102.00 $58.85 Payer MC $102.00 $54.90 3. Define and give two healthcare examples of each of the following: direct cost, indirect cost, joint cost, and responsibility center
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
