Understanding Contract Write-Offs in Medical Billing
School
Herzing University**We aren't endorsed by this school
Course
MC 280
Subject
Accounting
Date
Dec 11, 2024
Pages
1
Uploaded by MagistrateFlag14655
— Assignment: Explanation « X u Upload Documents for Free Acc X G What does the contract write-of X + e E O 8 &2 https://herzing.instructure.com/courses/42436/quizzes/166461 ‘Home Question 2 'Announcements 1 57 Bl Scenario #1 Modules | Discussions i Chat ; People Grades 0 r Lucid (Whiteboard) Course Surveys Correct Answer oo 3 Sam Jones was seen by his primary care physician for an office visit. 0/ 4.38 pts " Total Charges $90.00 Contract Write-Off $10.00 Insurance Company Paid $64.00 Patient Responsibility What does the contract write-off mean? O The provider is in-network and cannot collect this amount from the patient. ® The provider is in-network and can collect this amount from the patient. 1 The provider is out-of-network and does not have to write-off the contracted amount. Contract write-off means the patient has a deductible.
