Dr Ray Performs a Limited Examination of a Patient with XYZ

question 22

Multiple Choice

Dr. Ray performs a limited examination of a patient with XYZ healthcare insurance. Dr. Ray knows that XYZ will pay $65 for that service. Why does the accounting entry in the Medical Services account list the standard fee of $90?

• A) To show a $25 loss for tax purposes
• B) The accounting program will not allow different fees
• C) To enable calculations of discounted fees
• D) To enable Dr. Ray to bill the patient for the unpaid amount of $25

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Definitions:

Customer Inquiry

A request for information regarding a company's products or services, made by current or potential customers.

Digital Communication Service

Platforms or technologies that enable the electronic exchange of information over the internet, such as email, social media, and messaging apps.

Customer Goodwill

The favor and positive reputation a business gains through its goods and services in the eyes of its customers.

Adjustment Messages

Communications intended to address and resolve misunderstandings, errors, or complaints in a business context.