Question 1

​The specific provisions of the Truth in Lending Act that explains in great detail who and what is covered by the regulation and gives specific disclosure and other requirements that have to be met for open-end and closed-end credit transactions are implemented through:

Accepted Answer

A)   ​the Fair Debt Collection Practices Act
B)   ​the practice and compliance department
C)   ​the quality department
D)   ​Regulation Z D

Question 2

Match each term with its definition.
-These must be accurate in every detail for proper patient billing

Accepted Answer

A)  patient account statements
B)  outsourcing
C)  monthly billing
D)  cycle billing
E)  practice management (PM) software systemF) electronic medical record (EMR) systemG) account historyH) alpha searchI) patient paymentsJ) aging of accounts A

Question 3

Match the type of adjustment made to a patient's account with its definition.Note: Answers may be used more than once.
-​Most offices avoid this if at all possible because they are a costly service to the provider or medical facility

Accepted Answer

A)  nonsufficient funds check
B)  ​collection agency transaction
C)  ​credit balance
D)  third party

Question 4

​Match the method of billing with its characteristics.Note: Answers may be used more than once.
-​Statements or itemized bills are most often generated through practice management (PM) software

Accepted Answer

A)  ​monthly billing
B)  ​cycle billing
C)  ​computerized billing

Question 5

The easiest and fastest method of searching for an account in practice management (PM) software is a(n) ____ search.

Accepted Answer

A)   chronologic
B)   omega
C)   numeric
D)   alpha

Question 6

​If the patient balance is $450 and the patient agrees to pay $45 a month on the twelfth of each month with no interest being charged,it will take ________ to pay the bill in full.

Accepted Answer

A)   ​10 months
B)   ​12 months
C)   ​45 days
D)   ​450 days

Question 7

​The first step in the collections process is to:

Accepted Answer

A)   ​use a certified collection agency
B)   ​withhold statements for patients with accounts exceeding 90 days past due
C)   ​firmly demand payment in person and on the telephone
D)   ​advise patients of the office policy regarding payment when they call to schedule an appointment

Question 8

​Money due to the practice is known as:

Accepted Answer

A)   ​accounts payable
B)   ​accounts receivable
C)   ​account aging
D)   year-to-date reports

Question 9

Match each term with its definition.
-Statements or itemized bills are most often generated using this

Accepted Answer

A)  patient account statements
B)  outsourcing
C)  monthly billing
D)  cycle billing
E)  practice management (PM) software systemF) electronic medical record (EMR) systemG) account historyH) alpha searchI) patient paymentsJ) aging of accounts E

Question 10

​Match the method of billing with its characteristics.Note: Answers may be used more than once.
-​Allows information to be pulled from the EMR and populated in the financial components of the patient account

Accepted Answer

A)  ​monthly billing
B)  ​cycle billing
C)  ​computerized billing

Question 11

Match each term with its definition.
-Requires a medical practice to provide disclosure of finance charges when it offers an installment payment plan of a certain duration to a patient

Accepted Answer

A)  third-party check
B)  postal money order
C)  Federal Trade Commission (FT
C)  
D)  Fair Debt Collection Practices Act (FDCP
A)  
E)  Truth in Lending Act (TIL
A)  F) validation noticeG) collection agenciesH) statute of limitationsI) skipJ) bankruptcy

Question 12

When processing a credit balance,if a refund is due to a patient,you must:

Accepted Answer

A)   apply the funds as a credit toward future services
B)   verify that you have the patient's current address
C)   deduct a small processing fee (usually no more than 5 percent) 
D)   send the check to the patient's insurance company

Question 13

The best collection opportunity after face-to-face contact is by:

Accepted Answer

A)   telephone
B)   email
C)   mailing a statement
D)   mailing a collection letter

Question 14

The account statement does not typically include which type of information?

Accepted Answer

A)   diagnosis information
B)   deductibles
C)   aging information
D)   account number

Question 15

Match the type of adjustment made to a patient's account with its definition.Note: Answers may be used more than once.
-​Meaning the patient does not have enough money in the bank account to cover the amount of the check

Accepted Answer

A)  nonsufficient funds check
B)  ​collection agency transaction
C)  ​credit balance
D)  third party

Question 16

How often should you run the report that reflects accounts with delinquent balances?

Accepted Answer

A)   weekly
B)   biweekly
C)   monthly
D)   bimonthly

Question 17

​Match the method of billing with its characteristics.Note: Answers may be used more than once.
-​It is important for statements to be mailed in a timely manner so patients receive them by the first of each month

Accepted Answer

A)  ​monthly billing
B)  ​cycle billing
C)  ​computerized billing

Question 18

​Which of the following would be considered a step(s) to locate a skip?

Accepted Answer

A)   ​Place a telephone call to see whether the old phone number was transferred to a new address.
B)   ​Call referring individuals to try to obtain a new address for the patient,although you must not indicate your reason for needing the new address other than that you need to verify it.
C)   ​Use the Internet as a tool to locate a skip patient.
D)   ​All of the above

Question 19

Match the type of adjustment made to a patient's account with its definition.Note: Answers may be used more than once.
-A check made out to the patient by an unknown party

Accepted Answer

A)  nonsufficient funds check
B)  ​collection agency transaction
C)  ​credit balance
D)  third party

Question 20

Match each term with its definition.
-The easiest and fastest method of finding an account in a PM system

Accepted Answer

A)  patient account statements
B)  outsourcing
C)  monthly billing
D)  cycle billing
E)  practice management (PM) software systemF) electronic medical record (EMR) systemG) account historyH) alpha searchI) patient paymentsJ) aging of accounts

Exam 32: Patient Billing,posting Patient Payments,and Collecting Fees

​The specific provisions of the Truth in Lending Act that explains in great detail who and what is covered by the regulation and gives specific disclosure and other requirements that have to be met for open-end and closed-end credit transactions are implemented through:

Correct AnswerverifiedD

Match each term with its definition. -These must be accurate in every detail for proper patient billing

Correct AnswerverifiedA

Match the type of adjustment made to a patient's account with its definition.Note: Answers may be used more than once. -​Most offices avoid this if at all possible because they are a costly service to the provider or medical facility

Correct AnswerverifiedShow Answer

​Match the method of billing with its characteristics.Note: Answers may be used more than once. -​Statements or itemized bills are most often generated through practice management (PM) software

Correct AnswerverifiedShow Answer

The easiest and fastest method of searching for an account in practice management (PM) software is a(n) ____ search.

Correct AnswerverifiedShow Answer

​If the patient balance is $450 and the patient agrees to pay $45 a month on the twelfth of each month with no interest being charged,it will take ________ to pay the bill in full.

Correct AnswerverifiedShow Answer

​The first step in the collections process is to:

Correct AnswerverifiedShow Answer

​Money due to the practice is known as:

Correct AnswerverifiedShow Answer

Match each term with its definition. -Statements or itemized bills are most often generated using this

Correct AnswerverifiedE

​Match the method of billing with its characteristics.Note: Answers may be used more than once. -​Allows information to be pulled from the EMR and populated in the financial components of the patient account

Correct AnswerverifiedShow Answer

Match each term with its definition. -Requires a medical practice to provide disclosure of finance charges when it offers an installment payment plan of a certain duration to a patient

Correct AnswerverifiedShow Answer

When processing a credit balance,if a refund is due to a patient,you must:

Correct AnswerverifiedShow Answer

The best collection opportunity after face-to-face contact is by:

Correct AnswerverifiedShow Answer

The account statement does not typically include which type of information?

Correct AnswerverifiedShow Answer

Match the type of adjustment made to a patient's account with its definition.Note: Answers may be used more than once. -​Meaning the patient does not have enough money in the bank account to cover the amount of the check

Correct AnswerverifiedShow Answer

How often should you run the report that reflects accounts with delinquent balances?

Correct AnswerverifiedShow Answer

​Match the method of billing with its characteristics.Note: Answers may be used more than once. -​It is important for statements to be mailed in a timely manner so patients receive them by the first of each month

Correct AnswerverifiedShow Answer

​Which of the following would be considered a step(s) to locate a skip?

Correct AnswerverifiedShow Answer

Match the type of adjustment made to a patient's account with its definition.Note: Answers may be used more than once. -A check made out to the patient by an unknown party

Correct AnswerverifiedShow Answer

Match each term with its definition. -The easiest and fastest method of finding an account in a PM system

Correct AnswerverifiedShow Answer

The specific provisions of the Truth in Lending Act that explains in great detail who and what is covered by the regulation and gives specific disclosure and other requirements that have to be met for open-end and closed-end credit transactions are implemented through:

Correct Answer
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D

Correct Answer
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A

Match the type of adjustment made to a patient's account with its definition.Note: Answers may be used more than once. -Most offices avoid this if at all possible because they are a costly service to the provider or medical facility

Correct Answer
verified

Match the method of billing with its characteristics.Note: Answers may be used more than once. -Statements or itemized bills are most often generated through practice management (PM) software

Correct Answer
verified

Correct Answer
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If the patient balance is $450 and the patient agrees to pay $45 a month on the twelfth of each month with no interest being charged,it will take ________ to pay the bill in full.

Correct Answer
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The first step in the collections process is to:

Correct Answer
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Money due to the practice is known as:

Correct Answer
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Correct Answer
verified
E

Match the method of billing with its characteristics.Note: Answers may be used more than once. -Allows information to be pulled from the EMR and populated in the financial components of the patient account

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Match the type of adjustment made to a patient's account with its definition.Note: Answers may be used more than once. -Meaning the patient does not have enough money in the bank account to cover the amount of the check

Correct Answer
verified

Correct Answer
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Match the method of billing with its characteristics.Note: Answers may be used more than once. -It is important for statements to be mailed in a timely manner so patients receive them by the first of each month

Correct Answer
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Which of the following would be considered a step(s) to locate a skip?

Correct Answer
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Correct Answer
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Correct Answer
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