The accounting phase of the outpatient revenue cycle. After the claim has been submitted, the claims processing activities occur and the claim is returned with a payment or a rejection. The accounting phase of the outpatient revenue cycle begins when payment is approved by the third-party payer. 1. 2. 3. 4. 5. Denials (denied claims) Payment by third-party plans. Include the EOB or ERA and the allowable amount in your discussion. The patient payment (remember to include copayment, coinsurance, and deductibles in your post) Submitting unpaid accounts for collection Write-off (include write-offs related to the allowable amount and for bad debt) 6. Closing the account Select one of the above subprocesses of the accounting phase of the outpatient revenue cycle. Explain its purpose and the steps that an administrative assistant in a medical office would need to accomplish to complete this process, and provide an example.