Week 6 Online Lab (1)
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Feb 20, 2024
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MOA115 Medical Records and Insurance Week 6 Lab –
Bookkeeping Simulation Part 1: Reading a Fee Schedule Chapter 16 Patient Accounts and Practice Management A. Bookkeeping in the Healthcare Facility 1.
Examine the fee schedule above and answer the following questions.
a.
What is the charge for a consultation? _______________________ b.
What is the charge for CPT code 99203? _______________________ c.
What is the most expensive procedure on the list? _______________________ d.
Which injection is more expensive, insulin or vitamin B12? _______________________
MOA115 Medical Records and Insurance Week 6 Lab –
Bookkeeping Simulation 2.
Match the following terms with the correct definition: Terms 1. Accounts payable _____ 2. Accounts receivable _____ 3. Adjustments _____ 4. Charges _____ 5. Payments _____ Definitions a. Money that is expected but has not yet been received b. Fees applied to the patient account when services are rendered c. The management of debt incurred and not yet paid d. Money given to the provider in exchange for services e. Credits posted to the patient account when the provider’s fee exceeds the amount allowed stated on the EOB
Workplace Applications 1.
Mr. Sanchez comes to the desk to check out after seeing the provider. When Laura tells him that his bill is $95, he complains that he only saw the provider for 10 minutes. The fee is in accordance with evaluation and management guidelines. Explain the fees to Mr. Sanchez. ________________________________________________________________________
________________________________________________________________________ 2.
In Laura’s new role at Walden
-Martin Family Medical Clinic, she will be writing checks to take care of the accounts payable for the clinic. A practicum student has just started at the clinic and will be working with Laura for the next several days. How should Laura describe this aspect of her job? ________________________________________________________________________
________________________________________________________________________
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