MOA115_WK6_Assignment Worksheet_CSanson
pdf
keyboard_arrow_up
School
Fortis Institute, Port Saint Lucie *
*We aren’t endorsed by this school
Course
MAS115
Subject
History
Date
Feb 20, 2024
Type
Pages
3
Uploaded by BarristerFreedomRaven30
MOA115 Medical Records and Insurance Week 6 Assignment Section A: Bookkeeping Concepts Section A: Bookkeeping Concepts Chapter 16 Patient Accounts and Practice Management A. Managing Funds in the Healthcare Facility 1.
What items should appear on the financial records of any business at all times? ________________________________________________________________________
________________________________________________________________________ B. Accounts Receivable 1.
What are the pitfalls of fee adjustments? ________________________________________________________________________
________________________________________________________________________ 2.
Briefly explain how “skips” can be traced. ________________________________________________________________________
________________________________________________________________________ 3.
When a patient account is turned over to a collection agency, what adjustment is posted to the account? ________________________________________________________________________
________________________________________________________________________ 4.
When a patient has a credit balance on his or her account, what adjustment is posted to the account? ________________________________________________________________________
________________________________________________________________________ 5.
Describe the adjustments that are made to the patient’s account when an NSF check is received by the healthcare facility. ________________________________________________________________________
________________________________________________________________________ 7.
What information should be included on the patient ledger? ________________________________________________________________________
________________________________________________________________________ C. Accounts Payable 1.
In the ambulatory care setting, what is the checking account used for? ________________________________________________________________________
________________________________________________________________________
MOA115 Medical Records and Insurance Week 6 Assignment Section A: Bookkeeping Concepts 2.
In the ambulatory care setting, what is a savings account used for? ________________________________________________________________________
________________________________________________________________________ 3.
You are a medical assistant in a small practice and have been told that you now have the responsibility for paying the bills by writing out and signing the checks. What is the first action you need to take before writing out the first check? ________________________________________________________________________
________________________________________________________________________ 4.
Name six activities that can be done with basic online banking services. a.
__________________________________________________________________ b.
__________________________________________________________________ c.
__________________________________________________________________ d.
__________________________________________________________________ e.
__________________________________________________________________ f.
__________________________________________________________________ 5.
List the four requirements for a check to be negotiable. a.
__________________________________________________________________ b.
__________________________________________________________________ c.
__________________________________________________________________ d.
__________________________________________________________________ 6.
Describe five precautions for accepting checks in the healthcare facility. a.
__________________________________________________________________ b.
__________________________________________________________________ c.
__________________________________________________________________ d.
__________________________________________________________________ e.
__________________________________________________________________ 7.
Describe four precautions to take if a patient is paying with cash. a.
__________________________________________________________________ b.
__________________________________________________________________ c.
__________________________________________________________________ d.
__________________________________________________________________ 8.
Describe precautions to take when a patient pays with a debit card or a credit card. ________________________________________________________________________
________________________________________________________________________ 9.
Describe the banking procedures as related to the ambulatory care setting and include the medical as-
assistant’s role with each procedure.
a.
Making bank deposits: __________________________________________________________________
__________________________________________________________________
MOA115 Medical Records and Insurance Week 6 Assignment Section A: Bookkeeping Concepts b.
Preparing a bank deposit: __________________________________________________________________
__________________________________________________________________ c.
Endorsing checks: __________________________________________________________________
__________________________________________________________________ d.
Writing checks: __________________________________________________________________
__________________________________________________________________ 10.
Describe each type of endorsement. a.
Blank endorsement: __________________________________________________________________
__________________________________________________________________ b.
Restrictive endorsement: __________________________________________________________________
__________________________________________________________________ c.
Special endorsement: __________________________________________________________________
__________________________________________________________________ D: Federal Acts 1. Describe the impact of the Fair Debt Collection Practices Act on the healthcare facility. ______________________________________________________________________________
______________________________________________________________________________ 2. How does the Federal Truth in Lending Act apply to debt collection practices? ______________________________________________________________________________
______________________________________________________________________________
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help