MA 50-week 4 Spelling

sometimes called charge entry;

managing the financial side of the medical business

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

a small amount of cash available for small business expenses

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

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

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

to charge; a charge added to existing balance.

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

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

the money and items of value in abusiness

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

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

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

the calendar date a service begins or is provided.

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

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

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

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

a record of all charges or services rendered

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

a payment subtracted from existing balance.

charges that are deemed uncollectible by any business

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

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