Refunding patient balance sheet

Guideline: Refunds and Waivers 3 . violate the federal Anti-Kickback Statute, the Federal False Claims Act, and other federal and state insurance fraud laws. 2. When considering refunds or waivers for Medicare patients, healthcare providers should consult with their MedPro Group patient safety and risk consultants and/or their attorneys. Jan 25, 2019 · By crediting accounts receivable, the company indicates on its balance sheet that its money inflow from credit sales is reduced by the amount of the purchase. Cash Sales Refunds If the customer purchased a product in cash and returns it for a refund, the company would make a debit entry to sales returns and allowances that equals the exact amount of the purchase. to complete a Medicare Credit Balance Report (CMS-838) to help ensure that monies owed to Medicare are repaid in a timely manner. The CMS-838 is specifically used to monitor identification and recovery of “credit balances” owed to Medicare. A credit balance is an improper or excess payment made to a provider as the result of patient billing