Chapter 19, 20, 21

Front 1

Fair Debt Collection Practice Act

Back 1

1977 federal law outlines collection practices

Front 2

Probate court

Back 2

Administers estates and validates wills

Front 3

Statue of limitations

Back 3

Defines. In which legal action can take place

Front 4

Skip

Back 4

Can't get a hold of patient moved and no known address

Front 5

Accounting

Back 5

System monitor ring the financial status of facility in results, information for decision making

Front 6

Assets

Back 6

properties of value that are owned by a business entity

Front 7

Check register

Back 7

Record of checks written separate and identified columns

Hint 7

Checks written

Front 8

Fixed costs

Back 8

Cost that does not vary in total as number of patients very

Front 9

Position bond

Back 9

Covers position rather than specific individual

Front 10

Blanket bond

Back 10

Covers all employees

Front 11

Personal bond

Back 11

Covers specific individuals by name and generally requires a background check

Front 12

Accounts receivable ratio

Back 12

Speed in which outstanding bills are paid

Front 13

Collection ratio

Back 13

Gross income divided by amount that could have been collected less disallowance

Front 14

Cost analysis

Back 14

Procedure determines cost of each service

Front 15

Utilization review

Back 15

Review medical services before they can be performed

Front 16

Income statement

Back 16

Financial statement showing net profit or loss

Front 17

Variable costs

Back 17

Costs that varies in direct proportion to volume

Front 18

Accounts payable

Back 18

Some owed by business for services or goods received

Hint 18

Received

Front 19

Accounts receivable

Back 19

Amount owed to a business for services or goods supplied

Hint 19

Owed 2. Supplied

Front 20

Advanced beneficiary notice

Back 20

Clinic has to collect payment on charges not covered by Medicare or Medicaid

Front 21

Adjustments

Back 21

Increases or decreases to patient accounts not due to charges incurred or payment received

Front 22

Balance

Back 22

Records difference between debit and credit columns

Front 23

Cashiers check

Back 23

banks own check drawn against the bank account

Front 24

Certified check

Back 24

Depositors own check that the bank has indicated with a date and signature to be good for amount

Front 25

Credit

Back 25

Decreases balance due entering payments

Front 26

Day sheet

Back 26

Record daily payment transaction. Pegboard

Front 27

Debit

Back 27

Entering charges in description of services column on left

Front 28

Encounter form

Back 28

Copy given to patient after seeing provider identify procedure performed, diagnosis, charges and return date

Front 29

guarantor

Back 29

Person identified for payment of bill

Front 30

Ledger

Back 30

Record of charges payments and adjustments for patient or family

Front 31

Payee

Back 31

Person named on check who is to receive the amount indicated

Front 32

Pegboard

Back 32

Manual Medical accounts receivable system

Front 33

Petty cash

Back 33

Small sum kept on hand for minor or unexpected expenses

Front 34

Traveler's check

Back 34

Used in place of cash when traveling $20-$100 need signature

Front 35

voucher check

Back 35

Checks with detachable form used for detail reason check is drawn
example payroll checks

Front 36

Waiver

Back 36

Act or instance of waving a right or claim