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
link 7 ch 10
| Question | Answer |
|---|---|
| This includes the unpaid balances due from patients and third-party payers for services that have been rendered. | accounts receivable (A/R) |
| This is the ongoing availavility of actual cash in the medical practice. | cash flow |
| The relationship of the amount of money owed to a physicians and the amount of money collected on the physicians A/R is known as | collection ratio |
| This is a listing of accepted charges or established allowances for specific medical procedures. | fee schedule |
| What is an asset or debt that has been determined to be uncollectable and is taken off the accounting books also known as courtesy adjustment | write-off |
| An individual owing money is known as | debtor |
| Nonsufficient funds | NSF |
| Will call office | WCO |
| Payment in full | PIF |
| No longer employed | NLE |
| Skip or skipped | SK |
| Final notice | FN |
| Unemployed | UE |
| What is a procedure of systenatically arranging the A/R by age, from the date of service | age analysis |
| Phrases printed on statments to inform or remind a patient about a delinquent account and to promote payment . | dun messages |
| The use of a billing service company is most commonly referred to as | outsourcing |
| Evaluating a collection agencys performance by taking the amount of monies collected and subtracting the agencys fees | netback |
| a claim on the property of another as secutity for a debt is called | lien |
| The amount left after social security and federal state and local taxes are deducted is known as | disposable earnings |
| employee earnings withheld in a work week or pay period when a debtors future wages is seized to pay off debt is known as | garnishment |
| A patient who owes a balance on his account and moves but leaves no forwarding address is called a | skip |
| What shows the date of service, a list of detailed charges, copayment, and deductibles paid, the date insurance claim was filed, applicable adjustments, and the account balance is called a | itemized statment |
| A formal regulation or law setting time limits on legal action is known as | statute of limitations |
| When one filed by a person asking for relief under the BRA is known as | voluntary petition |
| When one filed against a person by hes creditors requesting that a person obtain relier under the code is known as | involuntary petition |
| When one files for bankruptcy he becomes a ward of the court and has its protection in which the physician may only contact patient for name address and phone number is known as | automatic stay |
| What covers a designated job if one employee in a category leaves, the replacement is automatically covered | position-schedule bond |
| What provides coverage for all employees regardless of job title | blanket-position bond |
| What provides coverage for those who handle large sums of money | personal bond |
| A system of billing accounts at spaced intervals during the month on the basis of breakdown of accounts by alphabet, account number, insurance type or date of service is | cycle billing |
| An individual record indicating charges, payments, adjustments, and balances owed for services rendered. also known as a ledger is | financial accounting record |
| A law stating that a person has 60 days to complain about an error from the date the statment is mailed is known as | fair credit billing act |
| Consumer protection act that aplies to anyone who charges intrest or agrees on payment of a bill in more than four installments, excluding a down payment is | fair credit reporting act |
| Regulats collection practices of third-party debt collectors and attorneys who collect debts for others is known as | fair debt collection practices act |
| Federal law prohibiting discrimination in all areas of granting credit is known as | equal credit opportynity act |
| Regulats agencies that issue or use credit reports on consumers is known as | fair credit reporting act |
Created by:
maryce
Popular Insurance sets