Funds Chp 19

Which of the following is not the responsibility of the Medical Assistant in regards to the discussion of fees?
A. making sure providers receive education, training, and experience in diagnosis and treatment concerns
B. informing the patient about provider charges
C. collecting payments
D. making credit arrangements if necessary
E. making certain patients and their providers receive the full benefit of medical insurance
What is the name of the form given to Medicare patients explaining that the cost of a procedure is the responsibility of the patient?
A. waiver of fees
B. Advanced beneficiary notice
C. medical necessity form
D. patient responsibility form
Which of the following is not a part of the pegboard system?
A. day sheets
B. ledger cards
C. charge slips
D. receipt forms
E. bank deposits
Which of the following is not a major advantage of the pegboard system?
A. forms work together to simplify the task
B. complete up-to-date balance of accounts payable
C. relatively inexpensive
D. write it once system
Which of the following best describes the use of a charge slip?
A. provides patient with account activity for the month
B. provides a patient receipt when payments are mailed
C. supplements the pegboard system
D. provides patient with account activity for the day of service
Which of the following is the most appropriate action of the medical assistant before using a new day sheet?
A. put all ledger cards on sheet in order to be seen
B. place charge slips alongside the day sheet
C. forward balances from previous day
D. pull ledgers from storage file when patients are seen
Which of the following is an appropriate action of the medical assistant when someone makes a payment on an account when no services were rendered?
A. write the charge on the day sheet
B. use the receipt form
C. no ledger is needed
D. use day sheet only
Which of the following is the most likely cause of the deposits not agreeing with the credits on the day sheet or the patient ledgers?
A. there are duplicate cards
B. deposits were miscounted
C. cash is missing
D. payment is misplaced
Which of the following is not an advantage of a computerized system?
A. automatic creation of encounter form
B. creates and updates patient account
C. practices collections increased
D. increased time to train personnel
E. automatic aging of accounts
When is the recommended time for deposits?
A. twice a week
B. once a week
C. daily
D. monthly
Which of the following is the type of endorsement that should be used in the ambulatory care setting?
A. blank
B. limited
C. full
D. restrictive
E. open
Which type of check has a stub attached that is used to indicated date and invoice numbers?
A. cashier’s
B. certified
C. money order
D. voucher
E. traveler’s
Which of the following is a primary advantage to the ambulatory care setting that accepts credit cards?
A. no fees are paid
B. confidentiality is not a problem
C. money is not a problem
D. money is available within 24 hrs or so
Which of the following is the most appropriate action when balancing a petty cash amount?
A. add $10 to the amount weekly
B. add $25 to the amount weekly
C. add $100 at the beginning of each month
D. add an amount equal to that spent
Which of the following accounts is debited when a check is written to pay invoices?
A. accounts receivable
B. accounts payable
C. expenses
D. checking
Which of the following is the first rule of purchasing?
A. check all items ordered when received
B. check invoice with items delivered
C. nothing is ordered or paid for without a purchase order for items received only
E. do not pay for any orders before 30 days
Which of the following is used to reconcile a bank statement?
A. daily cash
B. daily income
C. accounts receivable
D. depositor’s checkbook
Which of the following would not be indicated on a bank statement?
A. listing of cleared checks
B. deposits received by bank
C. service charges
D. time check was written
Which of the following is not a procedural step when disbursing the petty cash funds?
A. sort all vouchers by account
B. list all accounts involved
C. total vouchers for each account
D. write a check to replace funds
E. add receipts to original petty cash amount
Which of the following applies to the cash that is usually kept in a locked change drawer and used for transactions with patients who pay in cash and need change?
A. petty cash
B. cash on had
C. accounts receivable cash
D. accounts payable cash
Which of the following is not recommended rule in a manual bookkeeping system?
A. use a consistent black or blue ink color
B. write neatly and clearly, forming numbers carefully
C. align columns carefully using paper with grid lines
D. if a mistake is found, cover up by using white out
E. be careful when placing or carrying decimal points
At times patients may not be able to pay their medical bills for various reasons. What can medical assistants do to assist them with this?
A. nothing, laws require patients to pay their bills in full
B. make financial arrangements with patients, allowing full payment for services provided
C. allow patients to pay a reduced amount
D. tell patients their future visits won’t be allowed until bills are paid in full
The patient’s check is returned for insufficient funds. Which of the following applies to the patient account balance after the amount of the NSF check is posted and an entry is made in the adjustment column?
A. account balance is decreased
B. account balance is increased
C. account balance does not change
D. adjustment is added
Which of the following best classifies the adjustment column in the accounting process and its effects on the balance due?
A. credit column; increases balance
B. debit column; decreases balance
C. neutral; no charge to balance
D. credit column; increases balance
E. credit column; decreases balance
A patient is called about an NSF check. They state they are very sorry and ask what they can do. Which of the following types of checks would the MA ask them to bring to the office as a guaranteed payment for the returned check?
A. cashier’s
B. certified
C. voucher
D. traveler’s
In a concierge-type medical practice, what do providers usually do?
A. set per-determined fees
B. collect co-pays
C. collect additional fees
D. use a separate set of insurance guidelines
Which of the following is not a requirement for the ABN form?
A. should be in writing
B. should indicate the type of procedure(s)
C. should indicate the final cost
D. should include the reason why the patient is responsible
In the case of divorced parents and blended families, which parent is considered to be the guarantor and is responsible for payment?
A. the father
B. the parent with physical custody
C. the mother
D. the parent with the earliest birth date
On the ledger card, which column is used for entering payments?
A. credit column
B. debit column
C. balance column
D. adjustment column
The Center for Medicare and Medicaide Services (CMS) requires providers to apply for and receive what type of identifier?
A. tax identification number
B. state license number
C. national provider identifier
D. federal provider identifier

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