MOD 150 UNIT 1 THEORY NEW

A___ endorsement is considered the safest type of endorsement

Payment of bills in the medical office refer to as

Which of the following is NOT considered an adjustment

Employees can choose to have____ withheld from their checks

pay is another term for take-home pay

The federal government requires, all of the following taxes be paid EXCEPT

In cycle billing, approximately 25% of patient accounts are billed each___

Accounts less than__ days old are considered current and of minimal cause for concern

Medicare states that the number one reason for rejected claims is

___ are NOT responsible for bills unless they are declared emancipated

Some Pt's may have a financial __, another individual who is authorized to sign Pt's checks on their behalf

___ is a collection problem that requires immediate action because Pt has moved without leaving a forwarding address

___ banking lets customers reconcile their accounts

Business expenses are subject to auditing by the

The average number of days that money has been owed to the practice is known as days in?

Payment by___ provides a permanent document for proof of payment and tax purpose

Medical assistant should be able to quote the cost of services from the__

Government regulations require that records be maintained for employees relating to payroll items EXCEPT

Money withheld from an employee's paycheck. This is referred to as

___ contracts may require the co-payment be paid at the time of visit and may not allow providers to bill Pt's

___ checks are prepaid checks from an authorize agent that can be used in place of cash

Which of the following are are reasons that a bill becomes delinquent?

___ forms for the previous calendar year must be delivered to each employee by January 31st of the present year

In accounting terms, a payment is also referred to as

To make sure the accounts and entries are correct, the day sheets need to be__ at the end of the day

___ cash must be tracked and recorded in a daily financial log

Refers to monetary cost for services or supplies that increases the account balance

may be attached to deposited funds that must "clear" so that the bank knows funds are present

All of the following are advantages of using checks EXCEPT

In order to prevent a claim from being denied or rejected submit an insurance claim within___ days of date of procedure

If Pt contacts the office after the account has been turned over for collections, Pt should be referred to the__ agency

Payroll checks are generally issued in any of the following time increments EXCEPT

The__ provides guidelines for collecting an individual's credit information

Changes made that affect the Pt's balance but are NOT a new charge or payment are called

It is common procedure in a medical office to___ checks at the time they are received

Which of the following is NOT a typical reason for a denied claim

If there is a major error on the check, draw a line through it and write__ in ink in large letters

Which is NOT considered standard information found on all checks

When a provider is contracted with an insurance company the amount disallowed by the insurer is the

What must be considered when referring an account to a collections agency?

___ state, and city taxes are withheld from employee pay

The___ is the person signing the check

Most adjustments are__ that are subtracted from the account balance

claim is one that is never accepted into the payers computer system because of invalid information

A medical office's monthly expenses may include

___ are cash, checks, and money orders placed into a bank account after being received

___ is a discount that Physicians may opt to offer to other Physicians, staff, family members or clergy

___ refers to Pt inability to pay

Which type of information should patients be given regarding financial obligations?

The prevailing fee is referred to by insurance companies as the___ fee