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For the month of October, receipts of Drs. Lewis and King totaled $41,000. The Medicare/Medicaid adjusted fees for the month is $2,000. The workers compensation
For the month of October, receipts of Drs. Lewis and King totaled $41,000. The Medicare/Medicaid adjusted fees for the month is $2,000. The workers compensation adjustment was $750.00 and the managed care adjustment was $4,700. The total charges for October equaled $55,000. What is the collection ratio for the month of October? Show your work in the space provided.
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