Asked by Ovsanna Arakelyan on Apr 23, 2024
Verified
Most offices avoid this if at all possible because they are a costly service to the provider or medical facility
A) nonsufficient funds check
B) collection agency transaction
C) credit balance
D) third party
Collection Agency Transaction
A financial activity where a collection agency attempts to recover funds owed by an individual or business.
- Explain the procedures and implications of adjustments made to patient accounts.
Verified Answer
SA
Sabih Arsal6 days ago
Final Answer :
B
Explanation :
Collection agency transactions are generally avoided as much as possible because they involve additional costs to the provider or medical facility for the services of collecting unpaid debts.
Learning Objectives
- Explain the procedures and implications of adjustments made to patient accounts.
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