MOS 201 Ch 45 Managing Practice Finances [Dec 2020]

In a business checkbook, the stubs on the left side of the checkbook function as a running checkbook ledger

Before leaving the office the pt gives the MA $10 on account What type of entry does the MA make to the billing program

Which type of check should the MA accept from a patient?

What type of record is used to keep track of all the charges and payments for each individual patient?

The cash disbursements journal usually contains columns to track expenses by categories

How does the MA know what the usual charge is for a procedure?

Which statement best describes the petty cash account?

Where is the MICR line located on a check?

At what interval are charges and payments usually posted to patient accounts?

The account balance provided by the bank should always agree with the account balance of the office checkbook ledger

Which codes are necessary in order to submit insurance claims?

The petty cash fund should be replenished by writing a business check to return the fund to the original starting amount

How do money market accounts compare with checking accounts?

What does it mean to close the day (close out the day)?

What precaution should be taken when accepting a credit card for payment by a patient?

What is the term used to describe money that is owed to the medical office?

Which of the following is an example of a debit adjustment (increases the amount the pt owes)?

Charges, payments and adjustments can be posted using a manual system or practice management software

What is an advantage of a computer billing system related to posting payments?

When can a signature stamp be used to endorse a check?

What amount of money is left in the cash drawer at the end of the day?

What is a valid system to reduce the number of manual checks that need to be written?

How often does the medical office usually make a bank deposit?

What is the function of a daily journal (day sheet) in a bookkeeping system?

Who is responsible to determine the type or level of service provided to the patient?

A patient presents a debit card to pay a copayment and asks for $25.00 cash back. What should the MA say or do?

Which of the following is a way that patients make payments on their outstanding accounts?

How should checks that are received by the medical facility be endorsed?

What is another name for the itemized charge slip commonly used in the medical office?

Which practice should the medical office avoid when accepting checks from patients?

Which of the following is a reason the bank statement may not agree with the office record for a checking account?

How will the medical office usually utilize a savings account?

In bookkeeping, what is an example of a credit?

Which account keeps a record of cash disbursements?

Dr Brown has a large bill that she has to pay for her malpractice insurance. Which account is the MA most likely to use?

If there is a question about the amount of money that has been drawn on a check, what determines the legal amount?

What term is used to describe the bills that the practice has for office rent, equipment rental, and salaries?

A credit adjustment is a change to a patient's account that reduces the balance of a patient's account