Medical Debit Adjustment Codes
Adjustments can either decrease (write-offs), or increase (debit adjustments) the responsible party's account balance.
There are two functions or attributes tied to increasing a Debit Adjustment on a patient's account: One is to offset over paid money, or to hold money to later refund. This means that you have collected money on a patients account not associated to any outstanding balances, but do not want to include or show it as actual revenue to you practice. Another reason for increasing a responsible party's balance could be non-sufficient funds (NSF) check fee. A non procedural charge.
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Other reasons to use Debit Adjustment Codes is to reflect Insurance Interest Payments. Insurances have a timely processing limit and if they don't pay out prior to that date they will pay interest.
Once Debit Adjustment Codes are created and added to a patients account history screen it is viewable in the Analysis of Services (AOS) Summary or Detail Report.
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This training tutorial will go through the proper steps of creating and editing Debit Adjustment Codes that can be used in your office. Based on the way you default your Debit Adjustments the Analysis of Service reports will reflect the additional revenue in either the Payments or Write-Off balances.
Creating the most effective Debit Adjustments codes for your medical office. Track all insurance interest payments, Non Sufficient Funds, and patient small balance overpayments To learn more please watch our FREE Medical training video series on setting this piece up.
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