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36 terms

MOD C chapter 5

STUDY
PLAY
Bank records
reconcile bank statements
account for small money
petty cash
how many hours do you have to work to get overtime
40 hours
if you get over 40 hours a week you make
1 &1/2 (time and a half)
the fair labor standards act
minimum wage
how do you deposit currency
facing up and in the same direction
who needs to be firm and positive
collection agency
federal truth and lending act
regulations that apply to monthly payments (money)
pt that needs to pay the bill needs to refer to
collection agency
how many days old does the account need to be overdue before it is sent to collections
90 days
how often do deposits need to be made
daily
what is a negotiable statement
blank statement
unique number
ABA number
endorsment used by the medical office
resrictive endorsement
on the T-account, what is located on the left side
debit
on the T-account, what is located on the right side
credit
what is another name for encounter form
Superbill
contains demographics as well as important billing information
ledger card
the fair labors standards act
laborly/ hourly wage
contains up to date status of the pt account
ledger card
federal truth and lending act impact
collections
if a pt pays $1000 and collections take 40% how much will you get
$600
what is restricted
a check by the medical office
another name for the one-write system
pegboard system
what is the amount owed to the doctor
accounts recievable
report showing income minus expenses
income statement
what is a write off
when a portion or the entire amount of the charges cannot be collected
a basic tool to use
T-account
endorsment that is "paid in full" is
qualified endorsment
what is a statement
activity of the pt's account
what is an asset
anything of value that is owned by the medical practice
money that is owed to a vendor is
accounts payable
a fee schedule is
Dr.'s list of service
what is workers comp.
someone that is injured on the job
when a report balance is unpaid
aging report
what is a transaction
financial activity of buisness