Exam 3 Quizzes Flashcards
An exchange or transfer of goods; services; or funds is called a
transaction
T or F? It is never acceptable to use white out to correct errors on ledgers
Correct Answer is True
The description column on the patient ledger is used to
describe the specifics of the transaction; such as check number
The term third party payer refers to
insurance company
The column on the ledger card that is used for entering payments received is the
credit column
T or F? An insurance benefit that is always stated as a percentage is the co-pay
Correct Answer is False
T or F? Providers who choose to not participate with an insurance company are not obligated to collect only the amount allowed by the insurance
Correct Answer is True
T or F? Daily transactions must only be recorded on patient ledgers
Correct Answer is False
T or F? An amount that negatively or positively affacts an account balance is placed inot the adjustment column
Correct Answer is True
A typical day sheet has ? Sections
five
sending patient statements by dividing up the accounts and sending each group at different times during the month
cycle billing
an amount that increaseas a practices assets; decrease liabilities; or decreases earnings
debit
a system to provide an accurate way to collect statistics to record morbidity (disease) and mortality (death)
icd-9 codes
an amount that negatively or positively affects an account balance
adjustment
an amount that decreasesa assests; increases liabilities; or increases earnings; such as payments received
credit
tranferring information from one record to another
posting
a listing of the diagnoses; procedures; and charges for a patient’s visit
encounter sheet
the person responsible for the balance due on a patient’s account
guarantor
a listing of descriptive terms and identifying codes for reporting medical services and procedures
CPT codes
the money owed to a practice
Accounts receiveable
A CMS 1500 can be generated and printed through
claims management screen
In Medisoft; the case number refers to
the reason the patient is seeing the physician
Charges for a particular date of service are entered in Medisoft in the
activities menu
A transaction in medisoft can be? An adjustment to the patient’s account; charte to a patient’s account; a payment made by an insurance company; all
all
T or F? The data entered in the transaction screen is the date the claim will be filed
Correct Answer is False
T or F? Every patient should have a walkout recipt indication a payment has been made
Correct Answer is False
The patient’s name can be found in the drop down list called
chart
T or F? Claims can be submitted either electronically or on a paper CMS1500 using medisoft
Correct Answer is True
T or F? Medisoft does not have the capabilities of allowing CPT codes to be linked to dx codes
Correct Answer is False
T or F? Patient’s chart numbers are assigned by medisoft beginning with the letters of the patient’s last name
Correct Answer is True
