Question

The most common resolution methods for credit balances typically include all of the following EXCEPT:

a) Issuing a refund to the patient or insurance company
b) Adjusting the credit against future charges
c) Writing off the credit as uncollectible
d) Transferring the credit to another patient's account

Answer 1

The most common resolution methods for credit balances in the healthcare industry include issuing a refund, adjusting the credit against future charges, and transferring the credit to another patient's account.

Step-by-step explanation:

The most common resolution methods for credit balances in the healthcare industry typically include issuing a refund to the patient or insurance company, adjusting the credit against future charges, and transferring the credit to another patient's account. However, writing off the credit as uncollectible is not one of the common resolution methods.

Credit balances occur when payments exceed charges, and ethical accounting practices require that these amounts are either refunded or applied to future services, not simply written off unless determined to be an error.