What Is a Chart of Accounts in Healthcare?

A chart of accounts is a financial tool that hospitals and healthcare organizations use to categorize and track every single financial transaction. It's their internal list of all accounts, from patient revenue to operating expenses.

Why It Matters to You

While it's an internal tool, errors in how your services are coded in this system can lead to billing mistakes on your Explanation of Benefits (EOB). Understanding that charges are categorized helps in deciphering complex hospital bills.

How Mira Mace Can Help

You don't need to be an accountant to understand your bills. If a charge seems incorrect or miscategorized, your advocate can investigate. We work with the hospital's billing department to ensure you aren't being billed incorrectly due to internal coding errors.