ROSS IS ME! MOD 4, AMA Ch 19, 21, 22 VOCABULARY, Test Review

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Administative Medical Assisting by Lindh Ch 19 Daily Financial Practice Ch 21 Accounting Practices Ch 22 Medical Assisting as Office Manager Test Review

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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