Question: What is a contractual adjustment? a. An adjusting entry made at year-end to accrue unpaid patient service revenue. b. A reduction of patient service revenue

What is a contractual adjustment?

a. An adjusting entry made at year-end to accrue unpaid patient service revenue.

b. A reduction of patient service revenue for charity care.

c. An allocation of the cost of patient care to the departments that supply the patient care.

d. A reduction in patient service revenue because of agreements with third party payors that allow them to pay a health care entity based on the agreed upon determination of reasonable cost.

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