Business Practices Final Review

Charges that are deemed uncollectible by any business.

This is an amount beyond what is currently in the account.

_______involves the entire process of identifying, recording, and communicating economic events.

A/R balance divided by Average monthly gross=

Cash for small, unanticipated purchases is provider cash

What are the first 3 letters/numbers called in an ICD-10 code?

When did ICD-10-CM become effective?

CPT Codes deal with the diagnostic coding

_________is defined as a disagreement that occurs in groups when differences are expressed

A document that serves as proof that the terms of a transaction have been met.

Person entitled to benefits of an insurance policy are called the policy holder

This is a slip containing an itemized list of checks or cash deposited, the date, and the depositor’s signature.

One of the manager’s role with HIPAA includes conducting audits and analyze PHI security

Used to notify a Medicare beneficiary that it is unlikely that Medicare will pay

A PPO is a contract between a policyholder, and an insurance carrier to reimburse the policyholder.

The giving of authority.

A patient ledger within a practice management system (EHR) may be called an account____________

How many codes are there in ICD-10-CM?

All are Sexual Harassment and the Hostile Work Environment Acts except:

What is the process to bring checkbook and bank statement into agreement

A printed description of the benefits provided by the insurer to the beneficiary

The person to whom money is paid is the payer.

In an ICD-10 code the decimal point goes after the 4th didgit.

The accounts receivable (A/R) ratio has a goal of 6 months

Always cross-reference the code or codes found in the index with the actual code descriptions.

Authorization, by the patient, for payment to be made directly by the  insurance to the provider for services.

The person to whom money is paid is the payee.

All are considered A/R except

The maximum amount an insurer will pay for any given service.

Medicaid is a federal program providing health care coverage for individuals over the age of 65 or who are disabled.

An organization of physicians who network together to offer discounts to purchasers of health care insurance.

Meaning the patient does not have enough money in the bank account to cover the amount of the check.

An arrangement by which a tasks ,operation, or job that can be conducted by the office is  contracted to another company

Medicaid is Health care coverage for individuals of limited or low-income

Accounting systems include all but which of the following?

A check you have written that does not appear on your bank statement is:

When a person or company knowingly deceives Medicar to receive inappropriate payment from the program.

To give up; forgo; waiving of a right or claim;

Capable of being discussed and terms arranged

The standard claim form designed by the Centers for Medicare and Medicaid Services is CNS-1500

A payment of services rendered by someone other than the patient

The money and items of value in a business is it's assets

Medicare pays 20% of allowed amount after the deductible is satisfied