OMan Ch. 18

According to the guidelines of making collections, which is NOT advisable.

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

Once a pt's account is turned over to this agency, most offices terminate physician-pt contact.

AR aging analysis reports accounts receivable according 2 length of time since it's been billed

AP is money owed to a business by customers in exchange for goods/services provided.

A bulk EOB statement creates additional paperwork.

Which is NOT an example of an adjustment.

"Days in AR" means the average number of days that money has been owed to the pt.

This Act provides guidelines for collecting an individual's credit information.

When payments are this many days past due, they become very difficult to collect.

To make sure the accounts/entries are correct, the day sheets are _____ at the end of each day.

Changes made that affect the pt's balance but are not a new charge or payment are called what.

Providers have the option to waive co-payments and can accept whatever the insurance pays.

A charge is a monetary cost for services or supplies that increase the account balance.

Pt accounting software is also referred to as what.

Which is NOT included on an office day sheet.

This provides a guide for determining the fair collections practices for creditors.

Patients' financial records are maintained together with their medical records.

Patient accounting software is referred to as a practice management system.

The amount of money the pt owes is called what.

A discount is entered as what because this amount will be subtracted from the total balance.

This is a carryover from the days of manual billing.

The pt's medical record is maintained separately from their what.

Medicare states that the number one reason for rejected claims is what.

Which is NOT a typical accounts receivable transaction.

An MA should always be demanding when asking pts for payment.

The pegboard system is an old bookkeeping system that is efficient, but rarely used anymore.

The prevailing fee is referred to by insurance companies as the _____ fee.

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