Answered step by step
Verified Expert Solution
Question
1 Approved Answer
For the month of September, receipts at the clinic of Drs. Lewis and King totaled $35,000. The Medicare/Medicaid adjustments for the month was $1,750, and
For the month of September, receipts at the clinic of Drs. Lewis and King totaled $35,000. The Medicare/Medicaid adjustments for the month was $1,750, and the managed care adjustments was $4,500. Total charges for the month of September equaled $53,000. What was the collection ratio for the month of September? Show your calculation in the space provided.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started