ROSS IS ME! MOD 4, AMA Ch 19, 21, 22 VOCABULARY, Test Review
About this set
Created by:
dwampler on July 2, 2012
Subjects:
Medical Bookkeeping, Patient Records, Office Management, Medical Assisting
Description:
Administative Medical Assisting by Lindh
Ch 19 Daily Financial Practice
Ch 21 Accounting Practices
Ch 22 Medical Assisting as Office Manager
Test Review
Order by
32 terms
Terms | Definitions |
|---|---|
 ACCOUNTS PAYABLE | MONEY PAID OUT FROOM THE OFFICE |
| ACCOUNTS RECEIVABLE | MONEY RECEIVED BY PATIENTS OR INSURANCE COMPANIES |
| ADJUSTMENTS | THIS IS ENTERED IN THE CREDIT COLUMN, IT IS THE CHARGE MINUS PAYMENT, (WHEN A PHYSICIAN ACCEPTS ASSIGNMENT FROM AN INSURANCE COMPANY AS FULL PAYMENT AND THE CHARGE WAS MORE) |
| BALANCE | SHOWS ANY AMOUNT DUE/OWED |
| CASHIERS CHECK | GUARANTEED FOR AMOUNT WRITTEN |
| CERTIFIED CHECK | BANK HAS "CERTIFIED" THE CHECK FOR AMOUNT WRITTEN |
| CREDIT | COLUMN TO THE RIGHT OF DEBIT COLUMN (WHERE YOU ENTER PAYMENTS) |
| DAY SHEET | ALL FINANCIAL TRANSACTIONS POSTED DAILY |
| DEBIT | COLUMN ON THE LEFT (WHERE YOU ENTER CHARGES) |
| ENCOUNTER FORM | ALSO KNOWN AS CHARGE SLIPS/SUPER BILLS, CAN BE USED FOR INSURANCE REIMBURSEMENT |
| ENCOUNTER FORM INCLUDES WHAT INFORMATION? | PT ID, PROCEDURES, DIAGNOSIS, CHARGES AND FUTURE APPOINTMENTS |
| GUARANTOR | PERSON IN CHARGE OF PAYMENT |
| LEDGER | RECORD OF ALL SERVICES, LIST PAYMENTS AND BALANCE DUE |
| MONEY MARKET | BANK ACCOUNTS THAT PAY HIGHER INTEREST RATES |
| NOTARY | SOMEONE WHO LEGALLY WITNESSES DOCUMENTS |
| PAYEE | PERSON PAYING THE BILL |
| PEGBOARD SYSTEM | ALSO KNOWN AS WRITE-IT-ONCE SYSTEM, CONSISTS OF DAY SHEETS, LEDGER CARDS, CHARGE SLIPS & RECEIPT FORMS |
| PETTY CASH | CASH ON HAND, UNEXPECTED EXPENSES |
| POSTING | IS ANOTHER NAME FOR ENTERING TRANSACTIONS. POSTING ALL OF DAYS TRANSACTIONS |
| TRAVELERS CHECKS | CONVENIENT & SAFER TO USE WHEN TRAVELING |
| VOUCHER CHECK | CHECK W/STUB/DETACHABLE FORM USED TO DETAIL REASON CHECK IS DRAWN, COMMONLY USED IN PAYROLL CHECKS |
| AGING ACCOUNTS | IS A METHOD USED TO GUAGE THE EFFECTIVENESS OF THE BILLING PRACTICES |
| STATUTE OF LIMITATIONS | DEFINES THE PERIOD IN WHICH LEGAL ACTION MAY TAKE PLACE |
| COST RATIO | IS A FORMULA THAT SHOWS THE COSTOF A PROCEDURE OR SERVICE |
| A/R TRIAL BALANCE | IS A REPORT THAT SHOWS ANY DIFFERENCE BETWEEN DAILY JOURNAL AND LEDGER |
| INSURED | THE PERSON THAT IS COVERED UNDER THE INSURANCE POLICY |
| COLLECTION RATIO | A METHOD USED OT GUAGE THE EFFECTIVENESS OF THE BILLING PRACTICES |
| ADJUSTMENTS TO A/R | ANYTHING THAT WILL BE ADJUSTED OFF A BALANCE OR IS NOT COLLECTABLE |
| DECREASES TO A/R | ANYTHING THAT WILL LOWER OR SUBTRACT FROM A PATIENT OR INSURANCE BALANCE |
| A/P EXPENSES | ANYTHING THAT AN OFFICE WOULD WRITE A CHECK TO MAKE A PURCHASE |
| INCREASE TO A/R | ANYTHING THAT WILL ADD TO A PATIENT OR INSURANCE BALANCE |
| DEPOSIT AMOUNT | ANY MONEY COLLECTED FROM THE PATIENT OR INSURANCE COMPANY |
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