Accounting/Collections/Banking

A patient writing a check has NO intention of fraud

Due at the time of service and expected at EVERY visit

What is NOT a reason for Stop Payment on a Check

Type of adjustment added to the pt's ledger but is not a charge

Type of adjustment occurs when a pt paid in advance, over paid, or a duplicate payment is made

Deposits are made weekly

If the patient is experiencing financial hardship, the physician automatically adjusts/cancels fees.

Individual or party who brings a suit to court

Negotiable Checks Must Have All BUT

Bank statement usually discloses errors involving the account and transactions that affect it

Payment made by an insurance company is called

The Guarantor is the responsible party for the bill

FOR TEST PURPOSES, pt's w/o health insurance, payment is collected BEFORE they see the physician

A minor is financially responsible for his/her balance

If a person does not have a bank account, what can the pt use for an office that does not accept cash.

Initiated before exam room, Ledger inserted under first receipt, Copy is routed to provider

If a child comes in for an STD/Pregnancy treatment, who is billed?

Automatically determines the fees for services rendered, or CPT codes

Who is authorized to sign checks for an office

process of using all legal resources available to collect payment post due patient account balances

The Medical Assistant is required to explain ALL FEES to the patient

Patient is always the Guarantor

Accounts Receivables come from which form

You only pay a copayment if you're seeing the Dr

Which is NOT a type of bank account

Requires that individuals be provided certain information when credit is extended

Document sent by the insurance company, explaining the allowed charges, reimbursement, and pt responsibility.

If a pt declares bankruptcy, you still need to make an attempt to collect past due payments

When a returned statement is marked "Move", what method is used to track down the patients whereabouts?

The MA is responsible for

Management of debt incurred and not yet paid

ALL Payments must match insurances EOB

Created when the provider renders services

Money that is expected but has not yet been received

A patient ledger includes all BUT

Entire property of a person, association, corporation, or estate is called

the amount of money you're responsible for before the insurance will kick in

Healthcare facilities should send out statements once a week for all patients with a balance

Balances over 90 to 120 days, requires a demand letter before the account is turned over to collections

If parents are divorced/separated, who is responsible for the child's visit

Amount of money paid to the practice after the agency has been paid it's fee

An account for a patient who is deceased