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Please answer the following questions: 1. What are contractual adjustments? What are examples of other...

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Accounting

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Please answer the following questions: 1. What are contractual adjustments? What are examples of other deductions from revenue? How do they impact an organization's prot and loss statement? 2. Complete the chart using the following information. Physician ofce revenue for visit code 99215 has a billed charge of $102.00. The contracted rates for six payers are listed. This grid is based upon a one person visit and is designed to show the student how much the provider may have to discount charges based upon an individual insurance plan. Billed Contracted Contractual Charge Rate Adjustment FHP $102.00 $35.70 HPHP $102.00 $58.85 Payer MC $102.00 $54.90 3. Define and give two healthcare examples of each of the following: direct cost, indirect cost, joint cost, and responsibility center

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