Answer:
To find the outstanding balance of the service, subtract the amount paid by the patient and the amount to be paid by the insurance company from the total cost of the surgery.
Total costs for the surgery = $10,000
Amount paid by patient = $500
Amount to be paid by insurance company = $8,000
Outstanding balance = Total charge - (Amount paid by patient + Expected amount to be paid by insurance company)
Outstanding Balance = $10,000 - ($500 + $8,000)
Outstanding Balance = $10,000 - $8,500
Outstanding Balance = $1,500
The outstanding balance for the service is $1,500.