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Question | Answer |
---|---|
credit | Used to help explain a procedure code |
Etiology | |
Modifiers | an entry on the account that equals more money in the account. Can be a payment from a patient or a payment from an insurance company |
debit | the addition of an expense or a deduction from revenue |
debit card | a card the looks like a credit card that lets you withdraw money from your account to pay for what you buy. The amount is taken directly from the holders back account |
disbursement | funds (money) |
fee schedule | a list of the cost of different procedures in the clinic |
bundled code | represents 2 or more procedures into one procedure code |
guarantor | the person that promises to pay the bill (doesn't have to be the patient) |
Indigent | when people are able to take care of ordinary living expenses but cannot afford medical expenses |
payables | |
also called the write it once system. A method of keeping tract of accounts | |
posting | transferring or carrying from book or original entry to a ledger. Entering figures in an accounting system |
New Patient | new to the practice or has not been seen in the group practice within the last 3 years |
professional Courtesy | charging other professionals (doctors and their family) less or maybe nothing for service |
receipts | amount paid on patient accounts |
receivables | total monies received on accounts |
third party payer | someone other than the patient, spouse, or parent who is responsible to pay all or part of the medical expenses incurred |
transaction | an exchange or transfer of goods, services or funds |
NSF | Non Sufficient Funds |
CPT | |
UCR | Usual arrangement |
OV | Office Visit |
International Classification of Diseases 9th Edition | |
EM | Evaluation and Management (codes) |