Asked by Victoria Fischer on May 02, 2024
Verified
An adjustment code would be used for which of the following?
A) canceled account balance
B) co-pay due at the time of service
C) payment made with a money order
D) payment made with a credit card
Adjustment Code
Used in billing and accounting to denote corrections or modifications made to a patient's account in healthcare settings.
Canceled Account Balance
The remaining amount of money in an account that has been closed or terminated.
- Ascertain the varieties of information contained and not contained within account reports.
- Learn the interoperability and utilization of practice management software within other systems for the purposes of account management.
Verified Answer
ZK
Zybrea KnightMay 08, 2024
Final Answer :
A
Explanation :
Adjustment codes are used for transactions like canceled account balances to correct or modify the financial records, not for direct payments like co-pays or payments made with money orders or credit cards.
Learning Objectives
- Ascertain the varieties of information contained and not contained within account reports.
- Learn the interoperability and utilization of practice management software within other systems for the purposes of account management.