What does an end-of-day reconciliation mean


Question: What does an end-of-day reconciliation mean? Question options: to have good communication between the physician practice and payers a payer's process to determine whether to pay, deny, or pend an insurance claim verification that each posted transaction is valid the insurance paid the amount that was owed the process of comparing posted transactions on the day sheet with financial records to ensure totals are in agreement

 

 

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Accounting Basics: What does an end-of-day reconciliation mean
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