What should be collected from a patient when reviewing the remittance advice for financial responsibility?

When reviewing the remittance advice for financial responsibility, it is essential to collect any coinsurance, copayments, or deductibles from the patient. This is because these components represent the out-of-pocket expenses that patients are responsible for after their insurance has processed a claim.

Coinsurance is the percentage of the total cost that the patient is required to pay, while copayments are fixed amounts paid for specific services. Deductibles refer to the amount that must be paid out of pocket before the insurance begins to cover costs. Therefore, when analyzing the remittance advice, it's crucial to consider all three elements to ensure that the patient is informed about their total financial obligation. This comprehensive approach helps maintain transparency and ensures proper revenue management for healthcare providers.