The amount a patient must pay before insurance pays anything

Part of the office's accounting functions, to include recording, classifying, and summarizing financial transactions

Reference to corresponding information in a separate location

A document where transactions are summarized and later recorded in a general ledger

Document of bits of information that identify the person or provider enough information so that the person could be identified

Document consisting of proof of posting sections, month-to-date accounts receivable proof, and year-to-date accounts receivable proof

The limit that most insurance plans put on the amount that will be allowed for reimbursement for a service or procedure

A document that provides detailed information about charges, payment, and remaining amounts owed to a provider

A small amount of cash available for expenses such as postage, emergency supplies, and miscellaneous small items

The model in which providers set the fees for procedures and services

(Physician work + Malpractice expenses + Practice expenses) X conversion factors = fee schedule

The record of the funds that are distributed to specific expense accounts

A request for payment

A system that provides national uniform payments after adjustments across all practices throughout the country is called the Resource-based Relative Value Scale (RBRVS)

A list of items contained within a package is called a Packing Slip

A daily record of financial transactions and services rendered is known as a Day Sheet

A system in which every entry to an account requires an opposite entry to a different account is known as the direct filing system

A provider bought a new piece of equipment for $2,000

The office put down $500 and has a balance of $1500

What part of the equation is the provider's assets?

A document used to collect data about elements of a patient visit that can become part of a patient record or may be used for management purposes

The amount a patient must pay before insurance pays anything

Part of the office's accounting functions, to include recording, classifying, and summarizing financial transactions

Reference to corresponding information in a separate location

A document where transactions are summarized and later recorded in a general ledger

Document of bits of information that identify the person or provider enough information so that the person could be identified

Document consisting of proof of posting sections, month-to-date accounts receivable proof, and year-to-date accounts receivable proof

The limit that most insurance plans put on the amount that will be allowed for reimbursement for a service or procedure

A document that provides detailed information about charges, payment, and remaining amounts owed to a provider

A small amount of cash available for expenses such as postage, emergency supplies, and miscellaneous small items

The model in which providers set the fees for procedures and services

(Physician work + Malpractice expenses + Practice expenses) X conversion factors = fee schedule

The record of the funds that are distributed to specific expense accounts

A request for payment

A system that provides national uniform payments after adjustments across all practices throughout the country is called the Accounts receivable ledger

A system that provides national uniform payments after adjustments across all practices throughout the country is called the Resource-based Relative Value Scale (RBRVS)

A list of items contained within a package is called a Packing Slip

A daily record of financial transactions and services rendered is known as a Day Sheet

A system in which every entry to an account requires an opposite entry to a different account is known as the direct filing system

A system in which every entry to an account requires an opposite entry to a different account is known as the double entry bookkeeping

The system in which the only information needed for filing and retrieval is a patient's name is known as the Double-entry system

The system in which the only information needed for filing and retrieval is a patient's name is known as the direct filing system

A document that provides information about charges, payments, and remaining amounts owed to a provider

A daily record of financial transactions, including services rendered, charges and receipts. Every transaction must be recorded on the day sheet to show that the accounts have balanced for the day.

The co-payment is a fee collected at the time of service. Coinsurance is the percentage of the health care costs the patient is responsible for after the deductible has been met

The EHR is an electronic record of health related information that can be created, managed and reviewed by authorized providers and staff of more than one health care organization; The EMR is an electronic record of health information that is created, managed and reviewed by authorized providers and staff within a single health care organization

Cross reference sheets are needed for numeric filing systems because the patient is not identified by name

The allowable amount is not taken into account when determining how much the patient owes

The allowable amount is addressed by either having the provider write it off of billing the patient for the difference between the provider's fee and what amount he or she is allowed to charge

A form of cost-sharing that kicks in after the deductible has been met

A document that describes items purchased or services rendered and shows the amount due

The properties that are owned by a business are known as liabilities

The properties that are owned by a business are known as assets

The equity of those to whom money is owed (creditors) are known as guarantors

The equity of those to whom money is owed (creditors) are known as liabilities

Generally medical practices use three basic filing systems: Alphabetic, Numeric and Subject

The oldest, simplest and most commonly used system of filing

The alphabetic filing by name system is also know as the direct filing system because the only information needed for filing or retrieval is a patients name

This type of filing allows for unlimited expansion without the need for periodic shifting of folders, or shelves; it also provides additional confidentiality to the patients chart

There is only one way to file patient charts numerically, and that is the consecutive numeric system

Patients may be assigned consecutive numbers but the digits are separated into groups of two or threes, and they are then read Right to Left

This system of filing begins with the middle digits, followed by the fist digit and then by the terminal digits

This type of filing is typically reserved for general correspondence; can be alphabetic or alphanumeric

What is the most commonly used service for the delivery of mail?

The USPS is a branch of the US Government

Can be: sealed or unsealed, typed or handwritten, a letter, post card or business mail, weighing 13 ounces or less, price for use changes regularly

First-class mail that weighs more than 13 ounces is called

This mail includes advertising, promotional, directory, or editorial material - or any combination of such material

Mail that has insurance coverage against loss or damage

Mail of all classes protected by registering and requesting evidence of its delivery - receiver must sign for item and then a green receipt card is mailed back to the mailer to "prove" delivery

First class mail that also give the mail added protection by offering insurance, tracking and return receipt options

A provider bought a new piece of equipment for $2,000

The office put down $500 and has a balance of $1500

What part of the equation is the provider's assets?

What is involved in a terminal numbering system?