Term Billing Flashcards
AbA number
The number printed on a check to identify the specific bank on which the check is drawn
Accounts Payable
Money owed by a business: the practice’s expenses
Accounts Receivable
Amounts owed by pt for services rendered
Age Analysis
The process of reviewing past due accounts by age form the first date of billing
Asset
An item owned by the practice that has a dollar value, such as office equipment
Assignment of Benefits
Pt written authorization giving the insurance company permission to pay the physician’s directly for billed charges.
Cash flow statements
Shows the cash on hand at the beginning of a period, the income and the payments made during that period, and the cash on hand at the end of the period.
Cashier’s Check
Bank check issued by a bank +asssigned by a bank representative, usually purchased by people who don not have checking accounts.
Certified Check
A check written and signed by the payer and stamped “Certified” by the bank. The ban k has already drawn money form the payer’s accont to t guarrantee that the check is good.
Charge Slip
The record of services performed for a pt. and the charges for those services
check
Bank draft written and sifned by the payer that directs the bank to pay a certain sum of oney on demand to the employee.
Credit
Extension of time to pay for services, which have been provided on trust
Credit bureau
Company that provides info about the credit worthiness of a person seeking credit
Cycle billing
A sysytem that spreads the work of billing all pt over the month, by sending invoices to small groups every few days.
A/P
Accounts Payable
