Exam 30: Patient Accounts

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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. -​Undetected errors can occur and might be discovered only through bank statement reconciliation

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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. -​As information is entered in the system,the accounting records are automatically updated;therefore,account balances of patient or vendor accounts remain up to date

(Multiple Choice)
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Computerized practice management software does not:

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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. -​Professional courtesy discounts,write-offs,or amounts not paid by insurance

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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 total accounts owed by the practice to suppliers and other service providers for regular business operating expenses

(Multiple Choice)
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Match each term with its definition. -A payment subtracted from the existing balance

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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. -​Proper levels of control and security,both internal and external,must be instituted to prevent dangerous instances of HIPAA violations

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Match each term with its definition. -Dictates the types of payment plans that may be offered to patients

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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. -​Better use is made of resources and time;cash flow should improve through better debt collection and inventory control

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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. -​Money paid by the patient or insurance carrier

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When using practice management software,the procedures indicated on a patient's encounter form should be coded:

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