Adjustments to the amount owed for a patient's account can be made to reflect contracted rates agreed upon by the insurance company and the healthcare provider.
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Adjustments can be made to a patient's account to reflect contracted insurance rates.
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Adjustments to a patient's account can only increase the amount owed.
An adjustment is an alteration made to the patient's account that decreases the amount owed. Adjustments are often made to align the charges with the contracted fee schedule that the insurance company has negotiated with the healthcare provider. Understanding when and how to apply adjustments is critical for accurate billing and financial integrity of the healthcare practice.
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