Term
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Definition
| Numerical language that describes its activities. |
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Term
| - Accounts Receivable (AR): |
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Definition
| Record of money owed to facility |
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Term
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Definition
| Addition/deduction of a designated amount to a balance owed. |
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Term
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Definition
| Report/shows how long a balances have been outstanding. |
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Term
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Definition
| Items of value owned by a business/medical office/can be used to acquire other items. |
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Term
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Definition
| Report on the financial condition of a business. |
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Term
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Definition
| Document that lists all the banking activities for a set period. |
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Term
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Definition
| Type of endorsement in which only the payee’s signature is listed on the back of a check. |
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Term
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Definition
| Fixed percentage of a medical cost that is paid by the patient. |
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Term
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Definition
| Fixed fee that is paid by the patient at each office visit. |
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Term
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Definition
| Money placed in an account of a financial institution. |
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Term
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Definition
| Listing of all cash & checks to b deposited to a certain account of a business’ financial institution. |
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Term
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Definition
| AKA Superbill. Source document for billing purposes that contains patient account information & insurance codes for the date of service. |
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Term
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Definition
| Document listing physician’s charges for services. |
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Term
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Definition
| Reports that indicate the financial condition of a business. |
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Term
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Definition
| Total amount earned for a pay period before deductions are taken. |
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Term
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Definition
| Report showing the results of income & expenses over time. |
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Term
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Definition
| Money owed to creditors; debt. |
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Term
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Definition
| Amount of paycheck after deductions. |
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Term
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Definition
| Representing liability; accounts payable are money and funds owed to someone else (bills) by the practice for rent, equipment rental, & salaries. |
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Term
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Definition
| Person receiving payment of a debt. |
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Term
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Definition
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Term
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Definition
| Device used to write the same information on several forms at once. |
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Term
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Definition
| AKA One-Write System. Recording system using a pegboard designed to increase the efficiency of recording daily transactions. |
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Term
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Definition
| Using a written future dated check. |
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Term
| - Restrictive Endorsement |
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Definition
| Type of endorsement in which the payee indicates a sole purpose for funds; ex: endorsement “for deposit only” on the back of a check for deposit w/ signature indicates that check is to be used for that purpose only (deposited to that particular account) & therefore cannot be exchanged for cash. Checks received by the medical facility should be endorsed in this fashion. |
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Term
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Definition
| Document showing activity in an account. |
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Term
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Definition
| Encounter form. A type of charge slip that uses diagnostic & procedure codes. |
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Term
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Definition
| Tool used to analyze the effect if a transaction on an account. |
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Term
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Definition
| Check signed over to another party, who is not the original payee. |
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Term
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Definition
| Financial activity of a business. |
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Term
| - Truth in Lending Statements |
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Definition
| Regulations that apply to the written contract once an agreement has been made with the patient to accept monthly installments. |
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Term
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Definition
| System that provides insurance to the employer for a worker injured on the job. |
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Term
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Definition
| Amount of money not able to be collected. |
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