Exists when an account is overpaid,and a refund must be made back to the patient or a health insurance company by the medical facility

A) nonsufficient funds check
B) collection agency transaction
C) credit balance
D) third party

Question

​Exists when an account is overpaid,and a refund must be made back to the patient or a health insurance company by the medical facilityA) nonsufficient funds checkB) ​collection agency transactionC) ​credit balanceD) third party

Margot mani0394 · Accepted Answer

Final Answer : C, Explanation :  A credit balance adjustment is made when an account is overpaid, indicating that a refund is due to the patient or the insurance company.

Exists when an account is overpaid,and a refund must be made back to the patient or a health insurance company by the medical facility

A) nonsufficient funds check
B) collection agency transaction
C) credit balance
D) third party

Definitions

Learning Objectives

Learning Objectives

Related questions

​Exists when an account is overpaid,and a refund must be made back to the patient or a health insurance company by the medical facilityA) nonsufficient funds checkB) ​collection agency transactionC) ​credit balanceD) third party

Definitions

Learning Objectives

Learning Objectives

Related questions

Exists when an account is overpaid,and a refund must be made back to the patient or a health insurance company by the medical facility

A) nonsufficient funds check
B) collection agency transaction
C) credit balance
D) third party