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23 terms

Vocabulary Chapter 21

medical coding and billing
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accounts
A statement of transactions during a fiscal period and the resulting balance.
account balance
The amount owed on an account.
accounts receivable ledger
A record of the charges and payments posted on an account.
credit
An entry on an account constituting an addition to a revenue, net worth, or liability account; the balance in a person's favor in an account.
debit
An entry on an account constituting an addition to an expense or asset account or deduction from revenue, a net worth, or a liability account.
debit card
Cards that look like credit cards and by which money may be withdrawn or the cost of a purchase paid directly from the holder's bank account without the payment of interest.
disbursement
Funds paid out.
fee profile
A compilation or average of physicians fees over a given period of time.
fee schedule
A compilation of pre established fee allowances for given period of time.
fiscal agent
An organization under contract to the government as well as some private plans to act as financial representatives in handling insurance claims from providers of health care; also referred to as fiscal intermediary.
guarantor
A person who makes or gives a guarantee of payment for a bill.
instigate
To goad or urge forward; to provoke.
medically indigent
Able to take care of ordinary living expenses, but not able to afford medical care.
payables
Balances due to a creditor on an account
pegboard system
also called the write it once system; a method of tracking patient accounts that allow the figures to be proved accurate through asthmatically formulas.
posting
transferring or carrying from a book of original entry to a ledger; entering figures in an account system.
premium
The consideration paid for a contract of insurance.
preponderance
A superiority or excess in number or quantity; a majority.
professional courtesy
Reduction or absence of fees to professional associates.
receipts
Amounts paid on patients accounts
receivables
amounts paid on a patients account
third party payor
someone other than the patient, spouse, or parent who is responsible for paying all or part of the patients medical costs.
transaction
An exchange or transfer of goods, services, or funds.