Final Examination
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| EOB | Explanation of benefits
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| Endorsement | "for deposit only" restrictive endorsement
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| W-2 Form | Employer gives 2 copies for employee for federal income tax
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| Turth in Lending Act | Regulation Z - if more than 4 payments it must be in writing and reveal finance charges
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| Fee information to Patient | Includes fee structure and procedure codes, not copay information
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| Cedit Cards | do not add to patient fee the amount charged by company!
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| Purchase Order | Date, Unit price, order #, item description, bill to address, delivery address, vendor
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| Deductibles | Paid by patient
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| Ledger Card | balance in the right hand column
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| Skip | Person who moves without leaving a forwarding address
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| Bankruptcy | Chapter 7 - all bills are cleared
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| Encounter form | office keeps the white copy in pegboard system
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| Collection Ratio | Collection divided by total charges
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| Accounts Receivable Ratio | Current accounts receivable divided by Average monthly gross charges
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| Financial Management | 1. provide patients with information about fees, 2. collect payment, 3. make credit arrangements
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| Cash basis of financial reporting | income noted when payment is received
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| Petty cash | $100 maximum purchase to balance count remaining money, total vouchers, subtract from orginal amount, balance cash against receipts
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| Single Entry Bookkeeping | problems: lack of internal controls, inadequate information for analysis, difficulty in detecting errors
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| Disbursements | amount of money already paid out
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| Account | patient's financial record
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| Receipts | payment for professional services
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| Fee profile | average of physician's fees over time
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| Customary | within range of fees charged for the same service by those with the same training and experience
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| Bonding | blanket type covers all of the office employees
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| End of the day summary | analyze and balance financial data
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| Peg board system | can be computerized
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| Assets | property owned by business
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| Income statement | profit and expense
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To hide a column, click on the column name.
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
Maribeth teacher
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