CREDIT BALANCE

Credit balances are simply a part of everyday life in the delivery of healthcare services. Unresolved credit balance accounts can distort the profitability of a healthcare facility and foster financial risks. Researching and correcting posting errors, duplicate payments, overpayments, and misapplied credits are not only time consuming, but also expensive. Credit balance accounts are a natural part of today's complex reimbursement environment, and resolving these credits adds on to the already limited business office resources. However, ignoring credit balances can lead to major consequential problems.