Mercy for America, a private not-for-profit health care facility located in Durham, North Carolina, charged a patient
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Question:
Mercy for America, a private not-for-profit health care facility located in Durham, North Carolina, charged a patient $8,600 for services. It actually billed this amount to the patient’s third-party payor. The third-party payor submitted a check for $7,900 with a note stating that “the reasonable amount is paid in full per contract.” Which of the following statements is true? |
The patient is responsible for paying the remaining $700. |
The health care facility recorded the $700 as a contractual adjustment that it will not collect. |
The third-party payor retained the $700 and will convey it to the health care facility at the start of the next fiscal period. |
The health care facility will rebill the third-party payor for the remaining $700. |
Related Book For
Operations Management Processes and Supply Chains
ISBN: 978-0134741062
12th edition
Authors: Lee J. Krajewski , Manoj K. Malhotra, Larry P. Ritzman
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