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medical billing-unit 4

Terms in this set (25)

accounts receivable (A/R)
the total amount of money owed for professional services rendered.
balance
an amount owed on a credit transaction.
cash flow
in a medical practice, the amount of actual cash generated and available for use by the medical practice within a given period of time.
collection ratio
the relationship between the amount of money owed and the amount of money.
co-payment
a patients payment of a portion of the cost at the time the service is rendered; sometimes referred to as coinsurance.
credit
accounting entry reflection payment by a patient of a sum received on his or her account.
cycle billing
a system of billing accounts at spaced intervals during the month based on breakdown of accounts by alphabet, accounts number, insurance type, or date of first service
debt
a legal obligation to pay money.
discount
a reduction of a normal charge based on a specific amount of money or a percentage of the charge.
dun message
a message or phrase to inform or remind a patient about a delinquent account.
embezzlement
a willful act by an employee of taking possession of an employers money.
established patient
an individual who has received professional services within the past 3 years from the physician or another physician of the same specialty who belongs to the same group practice.
fee schedule
a list of charges or established allowances for specific medical services and procedures.
lein
a claim on the property of another as security for a debt.
new patient
an individual who has not received any professional services from the physician or another physician of the same specialty who belongs to the same group practice within the past 3 years.
secured debt
a debt in which a debtor pledges certain property.
skip
a debtor who has moved and neglected to give a forwarding address.
write-off
assets or debts that have been determined to be uncontrollable and are therefore adjusted of the accounting books as a loss.
patient referral
preauthorieation for certain sevices or care to specalist.
tickler file
a manual reminder system.
appointment schedule (appt's)
assigning time slots for patients visit.
scheduling system
facilities the coordination of appropriate time segment for staff, patient and equipment.
demographic
name, address, date of birth...
no show
miss appointment.
receptionist
the first representative of the medical office.
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