SBGR MA 180 Week 3 Pearson's (2012 EK)
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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| UCR | Usual, customary, and reasonable
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| copayment | predetermined amount of money the pt must pay for services. Usually a flat dollar amount.
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| Truth in Lending Act | Information provided to the pt when there are more than 4 payments arranged to be paid to the office.
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| bad debt | amount of accounts receivable that is considered not collectable
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| superbill | record of services and is used for billing and insurance processing
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| encounter form | see the definition for superbill
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| charge slip | see the definition for superbill
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| ledger card | used to record charges, adjustments, payments and current balance for the patient
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| subscriber | person who holds the insurance
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| accounts payable | money that is owed to vendors, suppliers, etc.
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| payer | the person or company writing the check
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| payee | the person or company receiving the check
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| magnetic ink character recognition | MICR: numbers printed at the bottom of a check
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| stale check | a check that is outstanding after a certain time frame, usually 90 to 180 days
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| non-sufficient funds | the payer's bank account does not have enough money to cover the amount of the check written
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| cashier's check | guarantees payment because it is written on a check drafted by a bank
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| certified check | guaranteed check because the bank has set aside money from the payer's account to cover the transaction
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| stop-payment order | the payer requests the bank not honor the check
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| deposits | money placed into a bank account
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| embezzlement | unauthorized taking of funds. A form of stealing
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| debits | charges against an account
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| credits | additions to an account
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| reconciliation | balancing the checkbook by using information from the bank
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| gross annual wage | the amount of wages before taxes
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| tax withholding | money held from a paycheck to cover taxes such as income tax.
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| audit | reexamination of all the financial statements to determine accuracy
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