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MED102 Review Ch. 29 - 33 Flashcards | StudBud
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MED102 Review Ch. 29 - 33
MED102 Review Ch. 29 - 33
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#medfrontoffice #accountspayable #practicefinance #medicalassisting
Flashcards
30 cards
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Practice quiz
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Questions
30
Answers
1
A check returned by the bank because there is not enough money in the account to cover it is
shredded
moved to a separate account
stamped NSF
okay to re-deposit, it will be covered the next time
2
Which of these are adjustments?
all of these
professional courtesy
write-offs
contractual adjustments
3
Fair Debt Collection Practices Act doesn't cover which kind of debts?
family
business
personal
household
4
The process of transferring info from one record to another is called ______
posting
conferring
journalizing
balancing
5
Petty cash was originally $50 and now it has only $3 left. You need ____ to replenish it.
$50
$147
$53
$47
6
Which is true about computerized accounting systems?
They cost more in the long run than manual systems.
There are only two reports available.
They automatically update records as data is entered.
There's more room for errors.
7
Using a smartphone to perform banking transactions is called _____ banking.
mobile
phone
email
smartypants
8
Which of these are pros of accepting credit and debit cards?
easy and hassle free for customers
all of these are pros!
gives customers another payment option
fees for debit card transactions are smaller than for credit
9
Which kind of check is okay to accept?
marked paid in full or is for more than the amount due
check drawn on someone else's (not the pt's) bank account
has no corrections and has all the set elements to be valid
has several corrections and figures are unclear
10
What kind of adjustment is it when a patient dies owing money and there is no estate to pay it?
forgiveness
down-coding
bad debt
courtesy
11
What are the cons of accepting credit cards?
not available if internet or phone lines are down
all of these are cons!
there are fees to process credit/debit cards
adds another layer of detail to bookkeeping practices
12
When is the patient's appreciation for services highest?
a month after the service
at the time of their visit
the week after the service is provided
before they come in to be seen
13
Checks paid through the internet are known as ________ checks.
electronic
voucher
certified
limited
14
A voucher check, often used by insurance companies, gives you what info?
details about the company
gives details about the payment
vouches for the check writer
verifies the check is good
15
________ is what the practice owes to suppliers, utilities, vendors, landlords, etc.
Computerized Accounts
Accounts Receivable
Past due accounts
Accounts Payable
16
Deliver your bank deposits on . . .
the same days and times every week
one day a week only
the same time every day
different times of day every day
17
Which of these is NOT included on an account statement?
account number
date of service
aging information (30, 60, 90 days)
diagnosis
18
Most financial accounting is based on _______ method of bookkeeping.
single-entry
fiscal
double-entry
debit-entry
19
The easiest way of pulling up an account in practice management software is to use____ search.
omega
numeric
account number
alpha
20
You should always verify that everything listed on an invoice has been received before paying.
True
That's not my job.
False
They wouldn't bill you for something you didn't get.
21
Which of these would be the best word to use in a collection letter?
missed
failed
ignored
neglected
22
This act requires the disclosure of finance charges if pts are allowed to pay in ___ payments.
more than 2
more than 4
more than 8
more than 12
23
What about this check makes it negotiable?
It's printed on special blue paper.
The handwriting is neat.
It has the name and address pre-printed
"Pay to the Order of"
24
How do you write $4.68 in words?
Four dollars and 68 cents
Four.68
Fore and 68 cents
Four and 68/100
25
Where do payments come from?
insurance companies
all of these
patients
employers
26
Give your patient a receipt ...
when they pay with a check
only if they pay in cash
when they use a credit card to pay
for any kind of payment they make
27
Which of these are contained in a patient's account or ledger?
charges
all of these
payments
balance due
28
There are some exceptions to pursuing collections in the usual way. Which of these qualifies?
The patient has died and left no estate.
A patient "skipped" out, moved away and avoids our contact
The patient presents an insurance card that is not in effect
The patient's check bounces.
29
What is a charge?
none of these
giving power to your phone
Fee for a service provided.
money paid to the insurance
30
Collections has several steps but the first one is to
wait 90 days before sending a statement
choose and use a certified collection agency
demand payment from them over the phone and in person
advise pts of policy regarding payment prior to their visit
