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Business Practices
Review
| Question | Answer |
|---|---|
| A phrase on a billing statement that remind a patient about a delinquent balance is a | Dun message |
| A payment system in which the patient pays for medical services directly then files a claim for insurance reimbursement is a(n) | individual responsibility program. |
| If you are unable to locate a patient who owes a balance, you should turn the account over to a collection agency | immediately |
| For patients who have no private or government insurance, charity care | typically covers hospital services |
| What is a realistic, good collection rate for a collection agency? | 30 to 60% of assigned accounts |
| Which form of payment can be purchased for face value plus a fee from a bank, convenience store, or other retail location and must be signed by the purchaser? | Money order |
| The most common way of endorsing a check is when the payee simply signs his or her name on the back of the check; this is known as a | blank endorsement |
| Amounts paid out for the expenses of the medical practice are recorded in the | accounts payable ledger |
| An insurance policy is a legally enforceable | contract |
Created by:
john6399
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