Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Kinn's Chapter 22
| Term | Definition |
|---|---|
| account | a statement of transactions during a fiscal period and the resulting period |
| account balance | the amount owed on an account |
| accounts receivable ledger | a record of the charges and payments posted on an account |
| credit | an entry on an account constituting an addition to to a revenue, net worth, or liability account; the balance in a person's favor |
| credit cards | devices issued by a bank or other financial institution, retail stores, and other businesses that allow the card holder to make purchases prior to paying for them; the card holder is then billed, usually after interest has been added |
| debit cards | cards that look like credit cards and by which money can be withdrawn, bills paid, or purchases made directly from the holder's bank account without the payment of interest |
| debit | an entry on an account representing an addition to an expense or asset account or a deduction from a revenue; a net worth, or a libality account |
| disbursements | funds paid out |
| fee profile | a compilation of pre-estabilshed fee allowances for given services or procedures |
| fiscal agent | an organization under contract to the government (as well as some private plans) to act as financial representatives in handling insurance claims from providers of healthcare; also refered to as fiscal intermediary |
| instigate | to goad or urge forward; to provoke |
| medically indigent | able to take care of ordinary living expenses but unable to afford medical care |
| payables | balances due to a creditor on an account |
| pegboard system | an older method of tracking patient accounts that allows the figures to be proved accurate through mathematic formulas. it is still used in some small to medium practices; also called the write-it-once system |
| posting | entering figures in an accounting system; transferring or carrying from a book of original entry to a ledger |
| preponderance | a superiority or excess in number or quanity; a majority |
| professional courtesy | reduction or absence of fees to professional associates |
| receipts | amounts paid on patient accounts |
| receivables | total monies received on accounts |
| secured | a loan or line of credit that is backed by a pledge of payment and usually obtained using collateral |
| transaction | an exchange or transfer of goods, services, or funds |
| trustee | a person to whom property is legally committed to be administered for the benefit of a beneficiary or held by an administrator to be distributed to multiple individuals or businesses |
| unsecured | a debt that is not protected by collateral |
Created by:
mrsdancona
Popular Medical sets