ch.13
You should verify every check presented by a patient by asking what?
for two forms of identification
Patients who do not have bank accounts may pay the physician using a special card that has money preloaded, called a
prepaid card
Recording each transaction on a daily ledger is referred to as
posting
The insurance claim is the means used to request payment for services under an insurance contract.
True or False
True
repeat pt ht, wt, and bp bid.
repeat patient height, weight, and blood pressure twice a day.
What form should include basic demographic information and does not need to include a patient's employment or insurance information.
A registration form
When an account holder has given the bank permission to transfer funds monthly to pay bills as a substitute for check writing, it is referred to as
automatic bill paying
the process of recording and summarizing the financial transactions of a business and analyzing, verifying, and reporting the results.
accounting
When an insurance company determines that a particular service or procedure is appropriate based on standards of prudent care
medical necessity
VS stat and q2h
Vital signs immediately and every two hours
A payment system in which the patient pays for medical services directly then files a claim for insurance reimbursement is a(n)
individual responsibility program
A check that is not considered negotiable but can be converted into a negotiable instrument or cash is a
warrant
It is important that each day's cash and check receipts equal the day's total
bank deposit
The ____________________ period is the time from the date an insurance policy is issued until benefits begin.
waiting
Pt cc sob
patient chief complaint shortness of breath
can be used to pursue payment on delinquent accounts when the physician's office has not been able to collect the balances due.
A Collection agency
When preparing a bank deposit, it is important to verify that each check or money order has been properly endorsed
True or False
True
Professional discounts, courtesy adjustments, and disallowances by insurance companies are examples of
adjustments
A person is eligible for the government health insurance program upon reaching age 65.
medicare
Rx qd
prescription (Rx) should be taken once daily (qd)
Which legislation applies to any business that charges interest or agrees to more than four payments for a given service?
Federal Truth in Lending Act
Each week, a bank statement is sent to checking account holders listing all transactions during the prior period and the ending balance.
True or False
False
If an over payment has been received from an insurance company or from a patient and the account is paid in full, which type of transaction must be made?
Refund adjustment
The government-funded health insurance program that provides benefits for low-income individuals and families, the blind, and disabled is
Medicaid
nothing by mouth at bedtime