Shared Flashcard Set

Details

Mod C Unit 3 Terminology
Financial Management
37
Health Care
Not Applicable
09/05/2012

Additional Health Care Flashcards

 


 

Cards

Term

 

 

ABA Number

Definition

 

 Number on all checks that identifies a payer's bank and location

 

 

 

 

Term

 

Accounting

Definition

 

 

Numerical language of business

Term

 

Accounts Receivable

(AR)

Definition

 

Record showing what patients owe

Term

 

Aging Report

Definition

 

Report that shows how long a debt has gone unpaid

Term

 

Asset

Definition

 

Anything of value owned by a business

Term

 

Balance Sheet

Definition

 

Report of the financial condition of a business

Term

 

Bank Statement

Definition

 

Lists all banking activities for a set period

Term

 

Blank Endorsement

Definition

 

Endorsement where only a signature is listed on the back of a check

Term

 

Credit

Definition

 

Payment

Term

 

Daysheet

Definition

 

 

Journal for recording the day's activities

Term

 

Debit

Definition

 

Charge or debt owed

Term

 

Encounter Form

(Superbill)

Definition

 

Formed used in the office for billing purposes containing ICD-9 and CPT codes.

Term

 

Endorse

Definition

 

To sign a check

Term

 

Federal Truth in Lending Act

Definition

 

Requires a statement that informa a patient of a procedure's total cost. Required if a patient makes more than 4 payments.

Term

 

Fee Schedule

Definition

 

 

Listing of a physician's charges for services

Term

 

Fair Labor Standards Act

Definition

 

Provides standards for payment of hourly and salary employees

Term

 

Federal Employees' Compensation Act

Definition

 

Cogeral federal government workers for work-related injuries

Term

 

Financial Statements

Definition

 

Reports that tell the financial condition of a business

Term

 

Gross Wages

Definition

 

Money earned before deductions are taken out

Term

 

Income Statement

Definition

 

Report showing result of income and expenses over time

Term

 

Ledger Card

Definition

 

Record of debit and credit activity of a patient in the practice

Term

 

Liability

Definition

 

 

Amount owed

Term

 

Net Pay

Definition

 

Total amount of money paid for work minus deductions

Term

 

Payable

Definition

 

Debts

Term

 

Payee

Definition

 

Person who receives payment

Term

 

Payer

Definition

 

Person paying a debt

Term

 

Petty Cash

Definition

 

Cash kept on hand for miscellaneous supplies

Term

 

Post Dated

Definition

 

Writing a future date (on a check)

Term

 

Reconciled

Definition

 

Being in balance

Term

 

Restrictive Endorsement

Definition

 

Indicates a sole purpose for funds on a check (for deposit only)

Term

 

Statement

Definition

 

Shows the activity in an account

Term

 

Statement-receipt

Definition

 

Receipt

 

Receipt-charge slip

Term

 

T-account

Definition

 

Used to analyze the effect of a transaction on an account

Term

 

Third-party check

Definition

 

Check signed over to another party who is not the original payee

Term

 

Transaction

Definition

 

Financial activity

Term

 

Workers' Compensation

Definition

 

Provides insurance to the employer for a worker injured on the job

Term

 

Write-off

Definition

 

Amount of money not able to be collected

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