MOD 150 Unit 1

Question 1

The purpose of statements from the bank is to _____the amount of funds that are in each account

Accepted Answer

confirm

Question 2

Which of the following is NOT considered an adjustment?

Accepted Answer

A debit

Question 3

Changes made that affect the patient's balance but are not a new charge or payment are called__

Accepted Answer

adjustments

Question 4

Payment at the time of _________ is the ideal method of collection.

Accepted Answer

service

Question 5

The account ________ is the amount of money owed by the patient

Accepted Answer

balance

Question 6

The pt__is a chron. record of charges, adju,, pymts, and current balances for a specific pt.

Accepted Answer

ledger

Question 7

Patient accounting software is also referred to as a ________.

Accepted Answer

Practice Management System (PMS)

Question 8

In accounting terms, a payment is also referred to as a ________.

Accepted Answer

credit

Question 9

_____ is a discount that Dr may opt to offer to other Dr's, staff, family members, or clergy.

Accepted Answer

Professional courtesy (PC)

Question 10

All ________ have unemployment compensation laws

Accepted Answer

states

Question 11

It is common procedure in a medical office to ________ checks at the time they are received

Accepted Answer

endorse

Question 12

________ are NOT responsible for bills unless they are declared emancipated.

Accepted Answer

Minors

Question 13

The ________ is the person signing the check.

Accepted Answer

payer

Question 14

Business expenses are subject to auditing by the ________.

Accepted Answer

IRS

Question 15

It is preferable that ________ person(s) be responsible for the office's bank deposits.

Accepted Answer

one

Question 16

Most adjustments are ________ that are subtracted from the account balance

Accepted Answer

credits

Question 17

The amount of money the patient owes is called the ________.

Accepted Answer

balance

Question 18

When a patient dies, a bill should be sent to the estate of the ________.

Accepted Answer

deceased

Question 19

Which of the following is NOT listed on the Explanation of Benefits (EOB) form?

Accepted Answer

Gross salary of patient

Question 20

The ________ provides a guide for determining the fair collections practices for creditors

Accepted Answer

Fair Debt Collection Practices Act of 1978

Questions 20