Exam 30: Patient Accounts

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​The total amount of cash and checks,including credit and debit card payments,should be manually recorded on a?

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​Identify whether the following description is an advantage of the double-entry bookkeeping system over the single-entry system.Note: Answers may be used more than once. -​Formatted screens and built-in databases of patient accounts and vendors allow actions to be performed faster

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​Identify whether the following description is an advantage of the double-entry bookkeeping system over the single-entry system.Note: Answers may be used more than once. -​Reduces staff time in preparing accounts and audit expenses because records are neat,accurate,and up-to-date

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On computerized systems,credit balances are typically highlighted in:

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Match each term with its definition. -Record for each patient that shows charges,payments,and balance due

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​Which of the following demonstrates why it is important to explain patient financial obligations for services rendered?

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When using the pegboard system,the day sheet does not:

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Match each term with its definition. -Refers to the need to validate the data being input into a computerized accounting system for accuracy and completeness

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​Which of the following are types of information contained in the patient's billing record (account or ledger)?

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Match each term with its definition. -Used by some providers to give patients an idea of the cost for surgery or long-term treatment

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​In the double-entry bookkeeping system,the two entries allow for balance in the accounting equation:

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Match each term with its definition. -Discount authorized by a provider for another medical professional,such as a nurse,medical assistant,or other health care provider

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​Identify whether the following description is an advantage of the double-entry bookkeeping system over the single-entry system.Note: Answers may be used more than once. -​Many types of useful reports can be produced,which helps management monitor and control the business by making wise decisions based on financial gains and losses

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Match each term with its definition. -Anything that holds value that is owned by a business

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Match each term with its definition. -This system involves recording each transaction in two accounts,each of which has two columns

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Computerized accounting systems:

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​Identify whether the following description is an advantage of the double-entry bookkeeping system over the single-entry system.Note: Answers may be used more than once. -​The accounting program must be properly set up to meet the requirements of the business;poorly programmed or inappropriate software or hardware or personnel problems can cause more problems

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​Identify whether the following description is an advantage of the double-entry bookkeeping system over the single-entry system.Note: Answers may be used more than once. -Fast and accurate generation of accounting documents such as invoices,credit notes,statements of accounts,purchase orders,and even payroll documents can all be done automatically

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​Identify whether the following description is an advantage of the double-entry bookkeeping system over the single-entry system.Note: Answers may be used more than once. -​Only the revenues and expenses are totaled,not individual values of each one

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The process of transferring information from one record to another is called:

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