Insurance and Medical Billing
Most a patient pays in a year
Out-of-pocket maximum
The original amount of money deposited or borrowed
Principal
A share of ownership in a corporation
Stock
A clinic treats 200 patients per month and 4 patients filed complaints about improper treatment. What percentage of patients filed complaints?
2%
Fixed amount paid per visit
Copay
The money earned or paid for using money
Interest
Company profits paid out to owners in cash or shares
Dividend
The maximum amount of time that can pass before a person loses their right to sue for personal injury in NY. This is known as the...
Montly cost for insurance
Premium
Simple Interest formula is P x r x t. Find the simple interest if a student deposits $500 into a savings account at 5% interest for 3 years.
$75
A company with a market capitalization of $100B is considered (small-cap, mid-cap, or large-cap)
Large-cap
How long, in years, is the statute of limitations for personal injury in New York?
3 years
A physical therapy session costs $150 and the patient has a $30 copay. How much does insurance cover?
$120
Interest earned on both the principal and previously earned interest
Compound interest
Dividend yield is annual dividend/current stock price. Find the dividend yield if the current stock price is $112 and the annual dividend is $2.52
2.25%
Professional negligence, the term more severe than negligence committed by a licensed person.
Malpractice
Copays cost $30 per session. If the patient attends 8 sessions, how much do they pay in total copays?
$240
The savings account interest rate for Chase bank
0.01%
Annual Revenue - Total Expenses = Net profit. Find the net profit for a company with annual revenue of $1M and total expenses of $750K
$250K
If 10 malpractice claims were filed over 5 years, how many were filed per year?
2