Final answer:
The medical practice typically performs several tasks when preparing a healthcare claim for payment and reviewing the insurance payment, but negotiating the insurance payment is not one of them.
Step-by-step explanation:
When preparing a healthcare claim for payment and reviewing the insurance payment, the medical practice typically performs several tasks to ensure accuracy and maximize reimbursement. However, one task that is NOT performed is negotiating the insurance payment.
The medical practice may perform the following tasks when preparing a healthcare claim:
- Gathering patient and treatment information
- Assigning appropriate billing codes
- Submitting the claim to the insurance company
- Follow-up on claim status and appeals if necessary
By performing these tasks, the medical practice can ensure that the claim is properly coded and documented, minimizing the risk of claim denial or underpayment.