Definition

The process of recording a service charge as soon as it is provided. It ensures that every service is billed correctly on your statement.

What to consider

  • Verify revenue codes are correctly applied.
  • Understand the categories of services.
  • Ask for an explanation if codes seem off.

Real world scenarios

  • A hospital bill listed a revenue code to classify services such as lab tests and imaging.
  • John’s statement included revenue codes for different departments, ensuring transparency.
  • Linda reviewed the revenue codes on her bill to understand how charges were categorized.

Related terms

Healthcare