Business Practices -- Chapters 13-15 Test Review
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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| show | Fees of physicians in same specialty, physician education and experience, geographic location, cost to maintain practice
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| show | If offered to one must offer to all
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| Hospitals received federal grants to enlarge facilities in exchange for care for indigent (poor) pts: | show 🗑
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| Most important collection practice to increase collections, improve public relations, and reduce pt complaints, business-office turnover, accounts receivable and write-off amounts: | show 🗑
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| Allows billing at certains times of the month based on alphabet, account number, ins type, or date of first service and allows for cahs flow, receiving statements all at once and distributes billing phone calls: | show 🗑
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| What is the credit law that states collectors must identify themselves and the medical practice they represent and must not mislead pts? | show 🗑
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| show | 60 Days
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| RegulationZ of the Federal Truth in Lending Act applies to: | show 🗑
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| show | Aging accounts
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| show | The longer an account remains delinquent, the harder it will be to collect
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| show | 30-60%
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| Even after judgement is made in favor of medical practice in small-claims court, what must the practice still do? | show 🗑
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| show | A legal proceeding in which salary and property are attached to repay a debt; Limited to 25% of disposable income in any work week
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| A joint checking account requires what? | show 🗑
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| show | EFTS
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| show | The payee receives the amount that is spelled out
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| If the endorser's name is spelled incorrectly on the face of the check | show 🗑
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| show | Stamped with a restrictive endorsement upon receipt
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| show | Promptly to prevent payment from being lost, misplaced, or stolen
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| Who routinely prepares bank deposits? | show 🗑
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| What do timely deposits reduce? | show 🗑
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| Why is it an act of courtesy to cash checks promptly? | show 🗑
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| What is true about ATM PIN numbers? | show 🗑
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| show | The drawer
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| When reconciling a bank statement be sure to | show 🗑
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| Why are manual bookkeeping skills helpful? | show 🗑
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| show | Single-entry accounting
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| show | Assets
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| show | Open accounts
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| show | Daysheet or daily journal
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| show | Fees are posted in the charge column, payments and adj are posted in the credit column
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| What do you divide by to locate a transposition error? | show 🗑
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| Totaling the balances of all pt accounts with a balance due and comparing that total with the ending balance total A/R figure on the daysheet is referred to as what? | show 🗑
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| show | Petty cash fund
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| show | $50-$200
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| show | DUN message
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| show | Skip
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| List of physician procedures, services and fees | show 🗑
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| show | Credit
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| show | Keep track of pt to send statements, billing ins more easily, collecting payments in timely manner
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| show | Regularly to keep current
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| show | MA
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| 4 factors in establishing physician fees | show 🗑
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| In states that allow multiple fee schedules, what programs may have separate fee schedules? | show 🗑
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| show | Time of service -- helps ensure payment and maintain positive cash flow
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| show | Blank lines on reg form, sketchy employment record, no business/home phone, many moves of residence, doctor hopping, no referral, no insurance
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| show | Less likely it will ever be paid
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| Names used for the form that serves as a communication bill, insurance form, and routing document | show 🗑
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| Reasons to use a billing service | show 🗑
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| Inappropriate collection practices violate which law? | show 🗑
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| show | Equal Credit Opportunity Act
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| show | Federal Truth in Lending -- Regulation Z
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| If interest is charged on monthly billing statement, which law requires disclosure before time of service? | show 🗑
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| Which law states requirements and limitations for pt and practice when a complaint is registered about a billing statement error? | show 🗑
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| What is the time limit for collection on an open account in NYS? | show 🗑
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| How often is an itemized billing statement sent out? | show 🗑
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| show | 5-6 months
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| show | County clerks office, municiple or justice courts, online
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| show | Nonsecured debt forgiveness (straight line)
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| Chapter 13 | show 🗑
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| Withdrawal or subtract from a bank account | show 🗑
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| Deposit or addition to a bank account | show 🗑
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| show | Payee, Bearer
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| show | Payer, Drawer, Maker
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| Financial institution where money is deposited in a checking account | show 🗑
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| show | ABA number
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| show | Voucher
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| show | Individual or joint, Business or commercial
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| show | Extra ID -- license, employee ID, other proof of addresss and name
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| show | American Banker's Association -- code used to identify bank location
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| Federal act that allows use of electronic checks | show 🗑
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| When calling a pay-by-phone system, be sure to indicate you wish to | show 🗑
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| show | "For deposit only" to endorse
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| Blank endorsement | show 🗑
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| Full endorsement | show 🗑
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| If typo on check | show 🗑
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| show | Call pt back to sign, Pt sends replacement, Type over indicating "lack of signature" and include physician's name, your name and title and submit for payment.
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| Aside from checks, what else might be subtracted from checkbook balance? | show 🗑
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| In bookkeeping, entry that records increases assets and expenses but decreases liabilities | show 🗑
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| show | Credits
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