Asked by christian guerrero on May 07, 2024
Verified
When is it appropriate for a medical provider to assess finance charges or late charges on past-due accounts?
A) When the provider feels it is necessary
B) After the patient has ignored two bills
C) Only when the patient is notified in advance
D) After the patient has verbalized a lack of intent to pay
E) After the account has been sent to a collection agency
Finance Charges
Costs associated with borrowing money, including interest and other fees.
- Acquire knowledge of the legal and ethical standards in the billing and collection processes.
- Acquire knowledge about the rights of patients and the legal requirements for medical practitioners in financial and billing operations.
Verified Answer
AB
Abigail BristowMay 12, 2024
Final Answer :
C
Explanation :
It is appropriate for a medical provider to assess finance charges or late charges on past-due accounts only when the patient has been notified in advance. This ensures transparency and fairness, allowing the patient to be aware of potential additional charges due to late payments.
Learning Objectives
- Acquire knowledge of the legal and ethical standards in the billing and collection processes.
- Acquire knowledge about the rights of patients and the legal requirements for medical practitioners in financial and billing operations.