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32 terms

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

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