Question: Format with dollars and cents. Use commas for items over 1,000,00. Do not use dollar signs. For example: 35,200.00 1,279.54 235.80 For this question, MRI
Format with dollars and cents. Use commas for items over 1,000,00. Do not use dollar signs. For example: 35,200.00 1,279.54 235.80 For this question, MRI scan of leg has a code of 73718 with a full service rate of $225.00. The revenue is determined by multiplying the payment rate by the number of patients. Note that this scenario is the same as the revenue Level I question. Contractual allowance amounts are not paid. They are essentially negotiated away between the payer and the provider. See the sample bills in this unit . The contractual allowance is determined by subtracting the payment rate from the full service rate. Payer Payment Contractual Allowance, Volumes Rate service full rate is $225.00 Medicare $100.00 Medicaid $90.00 Managed $95.00 Care #1 Managed 80% of Care #2 charges at rate of $120.00 Format with dollars and cents. Use commas for items over 1,000,00. Do not use dollar signs. For example: 35,200.00 1,279.54 235.80 For this question, MRI scan of leg has a code of 73718 with a full service rate of $225.00. The revenue is determined by multiplying the payment rate by the number of patients. Note that this scenario is the same as the revenue Level I question. Contractual allowance amounts are not paid. They are essentially negotiated away between the payer and the provider. See the sample bills in this unit . The contractual allowance is determined by subtracting the payment rate from the full service rate. Payer Payment Contractual Allowance, Volumes Rate service full rate is $225.00 Medicare $100.00 Medicaid $90.00 Managed $95.00 Care #1 Managed 80% of Care #2 charges at rate of $120.00
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