chapter 22

a statement of transactions during a fiscal period and the resulting balance

• the amout owed on a account
• also called debit balance

a record of the charges and payments posted on an account

an entry on an account constituting an addition to a revenue net worth or liability account the balance in a person's favor

devices issued by a bank or other financial instiution retail sotres and businesses that allow the card holder to make purchases prior to paying for them the card holder is then billed after instest has been added

cards that look like credit cards and by which money can be withdrawn bills paid or purchases made directly from the holder's bank account without the payment of interest

an entry on an account representing an addition to an expense or asset account or a deduction from a revenue a net worth or a liability account

funds paid out

 a compilation or average of physician fees over a given period

a compilation of pre-established fee allowances for given services or procedures

an organization under the contract to the government to act as financial representatives in handling insruance claims from providers of healthcare also referred to as a fiscal intermediary

to goad or urge foward to provoke

able to take care of ordinary living expenses but unable to afford medical care

balances due to a creditor on an account

an older method of tracking patient accounts also call the write-it-once system

entering figures in an accounting system transferring or carrying from a book of original entry to a ledger

a supeiority or excess in number or quantity a majority

reduction or absence of fees to professional associates

amounts paid on patient accounts

total monies received on accounts

 a loan or line of credit that is backed by a pledge of payment and usually obtained using collateral

an exchange or transfer of goods services or funds

a person to whom propery is legally committed to be administered for the benefit of a beneficiary or held by an administrator to be distributed to multiple individuals or businesses

a debt that is not protected by collateral

• usual
• customary
• reasonable

the physician's usual fee for a given service the fee most frequently charge for the service

a range of the usual fees charged for the same service by physicians with similar traning and experience who practice in the sam geographic and socioeconomic area

the fee for an exceptionally difficult or complicated service or procedure that requires extraordinary time or effort by the physician

the physician must place an estimate on the value of services

• time
• judgment
• services

to prevent health problems before they start

• costs of operation
• anesthesiologist charges
• radiology charges
• hospital bills

• help to avoid forgetting that a fee was quoted
• may help to avoid later misquoting of the fee
• help to simplify collections by prevnting misunderstanding about charges

encounter forms

also called superbill , charge slips and multipurpose billing forms

at the time of service

the amount of the reimbursement that the insruance company allows to be paid for a certain treatment or procedure

located on the left charge column

located to the right of the debit column paid or payments used for entering payments received on an account

used to record the difference between the debit and the credit column

professional discounts , write offs , disallowances by insurance companies

the amout of money paid to the facility after the agency has been paid its fee