Duplicate of Accounting/Collections/Banking

A minor is financially responsible for his/her balance

Payment made by an insurance company is called

Document sent by the insurance company, explaining the allowed charges, reimbursement, and pt responsibility.

If a pt declares bankruptcy, you still need to make an attempt to collect past due payments

Who is authorized to sign checks for an office

Money that is expected but has not yet been received

Type of adjustment occurs when a pt paid in advance, over paid, or a duplicate payment is made

If the patient is experiencing financial hardship, the physician automatically adjusts/cancels fees.

The Medical Assistant is required to explain ALL FEES to the patient

Which is NOT a type of bank account

Created when the provider renders services

Negotiable Checks Must Have All BUT

Management of debt incurred and not yet paid

If parents are divorced/separated, who is responsible for the child's visit

Type of adjustment added to the pt's ledger but is not a charge

If a person does not have a bank account, what can the pt use for an office that does not accept cash.

process of using all legal resources available to collect payment post due patient account balances

Deposits are made weekly

Individual or party who brings a suit to court

Entire property of a person, association, corporation, or estate is called

Amount of money paid to the practice after the agency has been paid it's fee

A patient writing a check has NO intention of fraud

The Guarantor is the responsible party for the bill

Healthcare facilities should send out statements once a week for all patients with a balance

When a returned statement is marked "Move", what method is used to track down the patients whereabouts?

Healthcare facilities sometimes use small claims court to collect on a delinquent account.

Balances over 90 to 120 days, requires a demand letter before the account is turned over to collections

Bank statement usually discloses errors involving the account and transactions that affect it

FOR TEST PURPOSES, pt's w/o health insurance, payment is collected BEFORE they see the physician

Due at the time of service and expected at EVERY visit

An account for a patient who is deceased

If a child comes in for an STD/Pregnancy treatment, who is billed?

A patient ledger includes all BUT

Type of check that is from the bank's account and signed by a bank official

Automatically determines the fees for services rendered, or CPT codes

Patient is always the Guarantor

Accounts Receivables come from which form

the amount of money you're responsible for before the insurance will kick in

What is NOT a reason for Stop Payment on a Check

ALL Payments must match insurances EOB