Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Medical practices accept the patient's health insurance card and copayment as good faith that the practice will be paid for the services rendered.It is the

Medical practices accept the patient's health insurance card and copayment as good faith that the practice will be paid for the services rendered.It is the medical administrative professional's responsibility to verify insurance coverage and collect copayments at the time of service.

Recently, patients are responsible for paying more of their healthcare costs themselves due to larger co-pays and high-deductible health plans.As a result of the increase in patient-payment over the past years, provider's offices may experience some difficulty collecting payment at the time of service and even have a higher number of patients with outstanding balances on their accounts

  1. Is it fair to ask for money from patients on the date of the service?Why or why not?
  2. What are the advantages and disadvantages involved with collecting payment at the time of service?
  3. When a patient becomes angry or embarrassed that they are being asked for payment, what will you do to lessen their negative reaction?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Healthcare Finance: An Introduction To Accounting And Financial Management

Authors: Louis Gapenski

6th Edition

1567937411, 978-1567937411

More Books

Students also viewed these Finance questions

Question

How may the costs of a manufacturing organization be divided? 36

Answered: 1 week ago

Question

Contrast the terms "cost accounting" and "financial accounting." 69

Answered: 1 week ago