Mod 150 Unit 1 Theory

In order to prevent a claim from being denied or rejected submit an insurance claim within

All of the following are advantages of using checks EXCEPT

Which type of information should patients be given regarding financial obligations?

Payment of bills in the medical office is referred to as

________ pay is another term for take-home pay

The medical assistant should be able to quote the cost of services from the

Medicare states that the number one reason for rejected claims is

Payment by ________ provides a permanent document for proof of payment and tax purposes

Payroll checks are generally issued in any of the following time increments EXCEPT

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

Business expenses are subject to auditing by the ________.

The ________ is the person signing the check

The average number of days that money has been owed to the practice is known as days in

What must be considered when referring an account to a collection agency?

Most adjustments are ________ that are subtracted from the account balance.

In cycle billing, approximately 25 percent of patient accounts are billed each ____

Which of the following is NOT a typical reason for a denied claim?

If there is a major error on a check, draw a line through it and write ________ in ink

Gov't regulations require records must be maintained for each employee relating to all except

Employees can choose to have ________ withheld from their checks

The prevailing fee is referred to by insurance companies as the ________ fee

________ checks are prepaid checks from an authorized agent that can be used in place of cash.

________, state, and city taxes are withheld from employee pay

A medical office's monthly expenses may include

Money is withheld from an employee's check for different taxes. This is called______

________ cash must be tracked and recorded in a daily financial log.

Changes made that affect the pt's balance but are NOT a new charge or payment are called ____

To make sure the accounts & entries are correct the day sheets need to be ___ at the end of day

___ is a discount that physicians may opt to offer to other physicians, staff or family members

___ contracts may require that the copayment be paid @ the time of the visit & not billed later

Which of the following is NOT considered standard information found on all checks?

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

_____ refers to the monetary cost for services or supplies that increases the account balance

________ are cash, checks, and money orders placed into a bank account after being received

If the pt contacts the office after the account has been turned to collection they are referred

Some pts may have a financial ___, another individual who is authorized to sign the checks

Which of the following are reasons that a bill becomes delinquent?

__ attached to deposited funds that must "clear" so that the bank knows the funds are present

The ________ provides guidelines for collecting an individual's credit information

________ refers to a patient's inability to pay

_____ forms for the previous calendar year must be delivered to each employee by January 31st

A ________ endorsement is considered the safest type of endorsement

When a provider is contracted with an insurance company the amount disallowed by the

Which of the following is NOT considered an adjustment?

________ are NOT responsible for bills unless they are declared emancipated

The federal government requires, all of the following taxes be paid EXCEPT

__banking lets customers reconcile their accounts and check the balances in their accounts 24/7

__ claim is one that is never accepted into the payer's computer system because of invalid info

Accounts less than ________ days old are considered current and of minimal cause for concern

a SKIP collection requires immediate action, this pt has a balance due and has moved away