Friday, February 17, 2012

Im working in a medical center as an accountant and we are accepting insurance. As we all know the insurance c?

As we all know insurance company is deducting percentage on the price of it like for example the consultation fee is 200 , insurance comp. will just reimburse 180 so, we have insurance expense of 20 right? Im trying to account every expenses to different clinics or cost centers should i do the same thing with the insurance discount should i deduct it as operating expense to the concerned cost center? please i need answer to this!Im working in a medical center as an accountant and we are accepting insurance. As we all know the insurance c?
no, that is not correct. check the contract you have with each insurance company. there will be a list of procedures and reimbursement rates for each procedure and line of business, as well as any co pays or co insurance.Im working in a medical center as an accountant and we are accepting insurance. As we all know the insurance c?
The customary co-payment would be 20% which is $40 if the fee is $200. You are an accountant?

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