Exam 20: Patient Collections and Financial Management

If a practitioner decides not to extend credit to a patient, what must be done according to the Fair Credit Reporting Act?

Most practices may use checks from a standard checkbook or ________ checks, which often come in a three-ring binder and provide a stub for recordkeeping.

A(n) ________ gives a person the legal right to handle financial matters for another person who is unable to do so.

When a practice's expenses exceed its income, the practice has a(n) ________; this is also known as "being in the red."

When a patient has a credit balance, ____.

The amount of money owed on a company asset is a(n) ________.

You are working at a walk-in outpatient clinic. A young woman who appears to be in her 20s comes in with a large cut on her left arm. When you ask for her insurance information, she says, "I don't need insurance. My father is the chief physician in this clinic. He'll treat me for free." What should you do?

Which of the following accounts payable is typically the largest in a medical office?

Another term for a statement of income and expense is ________ statement.

Payment by credit card for a medical practice ____.

When do most smaller practices send out their statements?

Any payment the medical office makes for goods or services is called ____.

Which of the following is a diplomatic way to ask a patient for payment?

After receiving a check, immediately ________ it to prevent the check from being cashed if it is lost or stolen.

A common billing system that bills each patient only once a month but spreads the work of billing over the month is ____.

Today, a practice's financial summary is generally prepared by ____.

When a practice's income exceeds its expenses, the practice has a(n) ________; this is also known as "being in the black."

Which of the following statements is true about electronic banking?

Which of the following states that creditors may not discriminate against an applicant because he or she receives public assistance?

A common billing system that bills each patient only once a month but spreads the work of billing over the entire month, sending statements to groups of patients every few days, is called ________ billing.