Chapt. 10 Terms Might not be your def...
Chap. 10 terms
DITTO
Chapt. 10 Terms
DITTO
Misc. Test Questions
Cont. Test Questions & other mysterious stuff
100
This is when a patient misses an appointment
What is "No Show"
100
An amount owed on a credit transaction
What is Balance
100
A legal obligation to pay money
What is Debt
100
An office may determine that a debt is uncollectable and therefore adjusted off the accounting books as a loss. This is called a _________
What is Write Off
100
The part of the legal system that allows laypeople to file & settle a legal matter without use of an attorney
What is Small Claims Court
200
Preauthorization for certain services or care to a specialist.
What is a Patient Referral
200
A list of charges or established allowances for specific medical services and procedures
What is Fee Schedule
200
A message or phrase to inform or remind a patient about a delinquent account.
What is a Dun Message
200
These should not be sent to a patient who has filed for bankruptcy.
What is Statements
200
Which type of bankruptcy is considered “wage earner’s bankruptcy”?
What is Chapter 7
300
A manual reminder system
What is tickler file
300
A debtor who has moved and neglected to give a forwarding address
What is Skip
300
A reduction of a normal charge based on a specific amount of money or a percentage of the charge
What is Discount
300
Total amount of money owed/earned as a result of services rendered by your office
What is Accounts Receivable
300
The collection abbreviation OOT means
What is Out Of Town
400
The relationship between the amount of money owed and the amount of money collected in reference to the doctor’s accounts receivable.
What is Collection Ratio
400
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.
What is Established Patient
400
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 with in the past 3 years..
What is New Patient
400
Collection calls should be placed between ______ & _______
What is 8:00 a.m. & 9:00 p.m.
400
Patient accounts that are 90 days or older should not exceed what percent of the total office accounts receivable
What is 15% to 18%
500
A system of billing accounts at spaced intervals during the month based on break-down of accounts by alphabet, account number, insurance type, or date of first service
What is Cycle Billing
500
A/An ____________________ is a claim on the property of another as security for a debt.
What is Lien
500
A an amount owed in which the person who owes pledges collateral, in a written security agreement, for repayment.
What is a Secured debt
500
What is the name of the federal act that prohibits discrimination in all areas of granting credit?
What is Equal Credit Opportunity Act
500
This law is designed to promote the informed use of consumer credit, by requiring disclosures about its terms and cost to standardize the manner in which costs associated with borrowing are calculated and disclosed.
What is theTruth in Lending Act
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