pg pt collections and billing

prenumbered and carbonless copy receipts are examples of

Accounts payable is money owed to a business by customers in exchange for goods provided

the prevailing fee is referred to by insurance companies as the ___fee

"Days in AR" means the average # of days that money has been owed to the patient

at the end of the day which does NOT have to be reconciled to a day sheet

which if NOT one of the usual collection techniques

which is NOT a component of the pegboard system of accounting

mutual understanding of finance arrangements helps minimize delinquent accounts

pegboard system is also called the ____ method

____provides a guide for determining fair collection practices for creditors

pt accounting software is referred to as a practice management system (PMS)

an MA should NOT___

to make sure accnts & entries are ok, day sheets need to be __at the end of each day

the Equal Credit Opportunity Act of 1975 has guidelines for getting pt's credit information

what info should be given to pt about financial obligations

in accounting a payment is also referred to as a __

what is included in a pt billing record

pt's with no insurance can be offered reasonable discounts if pay in full at time of service

receipt of money that decreases the account balance is known as an adjustment

which is NOT a typical reason for a denied claim

when using a computerized billing system, the first thing to do is

with the pegboard system an office makes a photocopy of __and mails it instead of a bill

__contracts may require copay be paid at the time of visit and not billed at a later time

____is a collection problem when individual has balance due and moves w/o forwarding address

__refers to a pt's inability to pay

which of the following is NOT a typical AR transaction

accnts less than 90 days old are considered current and of minimal cause of concern

a copayment is an amount that the pt's insurance policies require to pay for certain visits

bulk remittance statement creates additional paperwork

Insurance __codes are used on the EOB to explain pay adjustments & denials

a pt ledger is a chronological record of all financial transactions for a specific pt

when a provider is contracted w/ an insurance comp. the amt disallowed by insurer is the __

cash payments never carry the risk of being fraudulent

___refers to monetary costs for services/supplies that increase the account balance

which is NOT included on an office day sheet

__are NOT responsible for bills unless they are declared emancipated

when asking for pt's payment it's best to be demanding and authoritative