Accounting Lesson 2

If a patient plans to use a credit or debit card as payment, the physician is allowed to charge a higher fee for the patient's service.

• True

• False

Which of the following best describes a superbill?

• A patient invoice listing services performed in one visit

• A patient invoice totaling over $1,000

• A patient invoice which itemizes their last five visits

• A bill from an insurance carrier

What is the name of a patient bill that records services and charges for a specific time period?

• An itemization

• A ledger

• An invoice

• A fee schedule

Where should all collections attempts and their results be recorded?

• The patient's ledger

• On a notepad

• On a sticky note

• Verbally from assistant to patient

• All of the above

What is a fee schedule?

• An appointment book specifying billing cycle dates

• A list of specified fees a physician charges for services

• The physician's daily schedule

Ideally, when should patient payments be received?

• Within one month of service

• Before the patient's appointment

• At the time of service

When should a receipt be issued to a patient?

• Every time the patient makes a payment in the office

• Only when a patient pays with cash

• Only when a patient pays with a personal check

What purpose does the Truth in Lending Act serve?

• It requires physicians to disclose interest charges if any are charged.

• It allows medical office assistants to borrow office funds.

• It requires that all patient invoices be paid in four payments or less.

• It requires physicians to report all borrowed equipment.

Which of the following methods of payment is least likely to be accepted at any medical office?

• Third-party check

• Cash

• Debit card

• Credit card

In the medical office, who is responsible for helping patients understand their invoice?

• The head nurse on duty

• The medical office assistant

• The office manager

• The physician