Which of the following describes an adjustment in Resolute?

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Multiple Choice

Which of the following describes an adjustment in Resolute?

In Resolute, an adjustment is a change posted to a charge after it has been billed. This typically reflects payer contractual allowances or corrections to charges. Contractual allowances are the discounts or reductions that come from the payer’s agreement with the provider; after adjudication, these allowances reduce the amount actually billed or the amount owed by the patient. Corrections to charges occur when a billing error is found and the charge amount is adjusted to match what should have been billed. This concept is distinct from a denial (which stops or rejects payment on a claim) and from a bad debt write-off (which removes uncollectible balances from AR). The key idea is that adjustments modify the posted charges after billing, often reducing the amount due due to payer agreements or correcting charge amounts.

In Resolute, an adjustment is a change posted to a charge after it has been billed. This typically reflects payer contractual allowances or corrections to charges. Contractual allowances are the discounts or reductions that come from the payer’s agreement with the provider; after adjudication, these allowances reduce the amount actually billed or the amount owed by the patient. Corrections to charges occur when a billing error is found and the charge amount is adjusted to match what should have been billed.

This concept is distinct from a denial (which stops or rejects payment on a claim) and from a bad debt write-off (which removes uncollectible balances from AR). The key idea is that adjustments modify the posted charges after billing, often reducing the amount due due to payer agreements or correcting charge amounts.

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