Bookkeeping, Billing & Electronic Health

Health Insurance + Procedural and Diagnostic Coding

100

What percent of the approved amount after the deductible is satisfied will Medicare pay?

80%

200

The ICD-10-CM code format includes:

3-7 characters

300

Precertification refers to...

obtaining plan approval for service prior to the patient receiving them.

400

CPT code ranges 00100-01999 and 99100-99140 represent:

Anesthesiology

500

Medicare Part _ was created to provide coverage for both generic and brand-name drugs.

D

Patient Accounts + Preparing Insurance Claims and Posting Insurance Payments

100

Debit balance occurs when...

the amount paid is less than the total due.

200

What form is the standard claim form used for billing in medical offices?

CMS-1500

300

What is the bookkeeping strategy to confirm accuracy in debits and credits in a ledger?

Trial balance

400

Whose Social Security number is used as the insurance plan ID number?

Policy holder

500

In the past, the ___ ____ was exclusively used to record financial transactions. Today, most offices and clinics use computerized systems to perform the bookkeeping process.

pegboard system

Patient Billing, Posting Patient Payments, and Collecting Fees

100

What is a 'skip'?

a person who has disappeared of moved to avoid payment of bills

200

Unless otherwise communicated, when calling a patient about a past due bill, which number should you call first?

Home 

300

A(n) ___ balance exists when an account is overpaid and a refund is required to be made back to the patient or to a health insurance plan by the medical facility.

credit

400

___ __ _____ is actually a way to identify accounts according to the length of time they have been delinquent.

Aging of accounts

500

A disadvantage of using an outside billing service to handle patient accounts is that:

you do not have records in your office of current balances for your patients

Banking Procedures

100

payee is...

a person to whom money is paid

200

The chronologic check number appears where on a chck?

Upper Right Corner

300

A(n) ____ is a transfer of title on the check to the bank in exchange for the amount of money on the face of the check.

endorsement

400

If you must send cash or currency by mail, you should send it via:

registered mail

500

Which type of bank account allows checks to be written for a larger amount than is currently in the account?

Overdraft checking account

Accounts Payable and Accounting Procedures

100

Managerial accounting is also known as:

cost accounting

200

After write-offs are taken, net collection rates should be:

between 90 and 100 percent

300

Who is typically responsible for performing a cost-benefit analysis?

An accountant

400

If assets of a medical practice add up to $20,000, and its liabilities add up to $5,000, what is the net worth of the medical practice?

$15,000

500

If the current A/R balance is $100,000, and the average monthly gross production is $20,000, what is the A/R ratio?

5.0