MA 50-week 4 Spelling

the money and items of value in abusiness

a payment subtracted from existing balance.

all the outstanding accounts (amounts due to the office); a reporting system to see who has not paid on their account.

patient acct #; an identifier for thept/beneficiary chosen by the provider and may consist of numbers, letters, or both

a way to identify accounts according to the length of time theaccounts have been delinquent.

a record of all charges or services rendered

document that includes itemization of goods & purchases or servicesprovided together w/the charges & terms of agreement.

Covers all transactions incl. coding, charge capture, claims, billing, collections, payments & more.

occurs when the amount paid is less than the total due.

charges that are deemed uncollectible by any business

Total owed by the practice for supplies, rent, utilities, staff, and other regular operating expenses.

a small amount of cash available for small business expenses

meaning the patient does not have enough money in thebank account to cover the amount of the check

Info transfer between records, possibly automated, depending on the electronic system used.

form used for recording all daily financial transactions of charges made & payments received; also called daily journal.

the study & analysis of financial data as it applies tooperational issues w/in a company; also known as cost accounting

credit entry made on an account to decrease a balance owed to the medicaloffice;

an analysis that allows for program evaluation by demonstratingwhether the benefits received will outweigh its costs.

Insurer doc (paper/electronic) showing approved amount & payment—like a patient’s EOB—for services given.

managing the financial side of the medical business

the calendar date a service begins or is provided.

statement that demonstrates profit & expenses for a givenmonth & also includes year-to-date information for a year.

to charge; a charge added to existing balance.

sometimes called charge entry;

being legally declared unable to pay debts; a petition to a court