Accounting
Insurance, rent, loan payments, property taxes, and depreciation would be considered what kind of costs:
What is:
Fixed costs
A bookkeeping and accounting system that includes charge slips or encounter forms:
What is a:
Pegboard system
Is insurance a fixed or variable cost?
What is:
Fixed
Are Physicians' salaries fixed or variable?
What is:
Variable
More patients, more costs
True or False
An employee withholding allowance certificate is a form given to you when you start a new job and includes:
-Federal tax withholdings
-Tax credits
-Deductions for the year
-Exemptions
What is:
True
Also known as W-4 Form
Clinical supplies, employees' salaries, physicians' salaries, laboratory costs, and collection fees would be considered what kind of cost:
What is:
Variable costs
The accounting system that utilizes "no carbon required" forms that are layered:
What is:
Pegboard system
Are clinical supplies fixed or variable?
What is:
Variable
Are laboratory procedures fixed or variable?
What is:
Variable
True or False
A W-2 form shows how much you made for the year and itemizes how much was taken out in taxes.
What is:
True
Name for an employee withholding allowance form:
What is:
W-4 form
Itemized statement of assets, liabilities, and equity:
What is a:
Balance sheet
Are loan payments fixed or variable?
What is:
Fixed
Is rent fixed or variable?
What is:
Fixed
It's the same amount every month
True or False
Embezzlement can be decreased by giving several employees separate duties?
What is:
True
The name for an accounting system in which outstanding accounts such as office expenses and services are paid for:
What is:
Account payable
System of monitoring the financial status of a facility:
What is:
Accounting
Are property taxes fixed or variable?
What is:
Fixed
Are collection cost a fixed or variable cost?
What is:
Variable
More patients, more costs
True or false:
Cost ratio is part of the itemized balance sheet?
What is:
False
Itemized Balance Sheets include:
-Liabilities
-Assets
-Owner's Equity
The recommended turnaround time for efficient billing and collections:
What is:
2 months or less
What item is a primary need of medical facilities to monitor more information:
What is:
Computerization
(Can be customized to the care setting, includes procedure/diagnostic codes, automatically creates day-end summaries)
Are employee salaries fixed or variable?
What is;
Variable
The higher volume of patients that are seen, the higher volume of employees needed and/or longer hours.
What is:
Fixed
Depreciation is to account for equipment that will decline in value over time, and is expected.
True or False
Worker's Compensation will cover injuries obtained while working and while off duty.
What is:
False
it is for workers who sustain an injury at the job