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Patient Accounts, Collections, and Practice Management
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The Medical Assistant Study Set 2

Medicine

Quiz 16 :
Patient Accounts, Collections, and Practice Management

Quiz 16 :
Patient Accounts, Collections, and Practice Management

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A system of recording, classifying, and summarizing financial transactions is called
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Multiple Choice
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Answer:

B

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Which statement best describes the relationship between bookkeeping and accounting?
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Multiple Choice
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Answer:

A

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The "cash basis" system of accounting used by most physicians means that
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Multiple Choice
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Answer:

B

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Payments to the healthcare facility come as reimbursement from the insurance company only. Adjustments are made to a patient's account when it is necessary to add or subtract a patient payment from the balance.
Multiple Choice
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Which of the following are special bookkeeping entries?
Multiple Choice
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If not handled properly, which of the following can decrease what is owed to the provider erroneously?
Multiple Choice
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Which of the following agreements for payment plans is not subject to TILA and does not require a signed Truth in Lending Statement?
Multiple Choice
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The STARK law imposes restrictions on which of the following?
Multiple Choice
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Who is financially responsible for a minor seeking treatment for STD without parental consent?
Multiple Choice
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Which of the following needs to occur when a provider agrees to settle for a reduced fee?
Multiple Choice
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Which of the following account aging categories requires a final demand letter before the account is turned over to a collection agency?
Multiple Choice
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Which of the following is the most successful collection strategy?
Multiple Choice
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When tracing "skips," which of the following is strictly forbidden by law?
Multiple Choice
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Many healthcare facilities find small claims court a satisfactory, inexpensive means of collecting delinquent accounts. Parties to small claims actions are represented by an attorney at the hearing but may also send another person to court on their behalf to produce records supporting the claim.
Multiple Choice
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Which of the following needs to occur when a check is returned from the bank for NSF?
Multiple Choice
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Which of the following should be considered when using a collection agency?
Multiple Choice
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Accounts receivable are moneys that are expected but not yet received. All invoices, statements, and operational expenses are included in accounts receivable.
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Which of the following does not conform to the general rules for telephone collections? (Select all that apply.)
Multiple Choice
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Accounts __________ are debts incurred but not yet paid.
Short Answer
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To estimate the budget for a new year, the practice should evaluate expenses from the __________ year.
Short Answer
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