Medical Assisting chapters 19-21 practice test – Flashcards
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Which of the following is the responsibility of the provider?
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making sure providers receive education, training, and experience in diagnosis and treatment concerns
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What is the name of the form given to Medicare patients explaining that the cost of a procedure is the responsibility of the patient?
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advanced beneficiary notice
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Which of the following is not a part of the pegboard system?
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bank deposits
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Which of the following is not a major advantage of the pegboard system?
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complete up-to-date balance of accounts payable
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Which of the following is the most appropriate action of the medical assistant before using a new day sheet?
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forward balances from previous day
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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?
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use the receipt form
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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?
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payment is misplaced
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Which of the following is not an advantage of a computerized system?
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increased time to train personnel
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When is the recommended time for deposits?
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daily
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Which of the following is the type of endorsement that should be used in the ambulatory care setting?
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restrictive
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Whcih type of check has a stub attached that is used to indicate date and invoice numbers?
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voucher
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Which of the following is a primary advantage to the ambulatory care setting that accepts credit cards?
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money is available withing 24 or so
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Which of the following is the most appropriate action when balancing a petty cash account?
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add an amount equal to that spent
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Which of the following is used to reconcile a bank statement?
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depositor's checkbook
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Which of the following would not be indicated on a bank statement?
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time check was written
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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?
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cash on hand
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Which of the following is not a recommended rule in a manual bookkeeping system?
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if a mistake is found, cover up by using white out
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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?
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make financial arrangements with patients, allowing full payment for services provided
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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?
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account balance is increased
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On the legercard, which column is used for entering payments?
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credit column
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Which of the following best describes accounts that occasionally go to an outside collection agency?
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highly delinquent accounts
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Which of the following must be documented in writing when there is an agreement between the provider and patient to pay in more than four installments?
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finance charges
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Which collection technique is used as a last resort in the collection of unpaid balances?
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sending to a collection agency
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When collectin a payment from the patient, what is considered the best time?
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at the time of service
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What is the minimum ratio for collection of fees at the time of service recommended by management consultants?
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90%
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Which of the following questions would not be helpful in developing a credit and collection policy?
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what is the most convenient time of the month for patients to make a payment
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Which of the following is not a common problem affecting collections?
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marriages
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Which of the following is a recommended method used to figure the accounts receivable ratio?
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divide the current accounts receivable balance by the average monthly gross charges
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Which of the following is used to guage the effectiveness of the ambulatory care setting's billing practices?
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collections ratio
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Which of the following measures the speed with which outstanding accounts are paid?
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accounts receivable ratio
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Which of the following must collect the money from the patient if the medical office pursues payment through small claims court?
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clinic
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Which of the following must the collection of fees be directed to when a patient dies?
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executor of estate
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When can statements no longer be sent or any attempt made to collect a deinquent account?
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when patient declares bankruptcy
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Billing that occurs by dividing up all accounts alphabetically into groups and then sending them out at different times is known as what?
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cycle billing
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What is known as a method of identiying how long an account has been overdue?
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account aging
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Which of the following accounting systmes is based on the priciple that assets equals liabilities plus owner's equity, requires time and skill, and provides a comprehensive financial picture with built-in accuracy controls?
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double entry
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Which of the following accounting systems utilizes "no carbon required" forms that are layered?
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pegboard
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Which of the following accounting systems includes a daily journal or log, patients' statements, ledgers, check, and disbursement records?
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single entry
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Which of the following best describes the accounting system that provides information primarily for entities external to the organization?
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financial
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Which of the following best descrives a type of accounting that helps to detemine the finances necessary for the ambulatory care setting?
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cost
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Which of the following applies to the financial report that shows cumulative monthly profit and loss?
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income statement
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Which of the following ratios is calculated by dividing total expenses by the total number of procedures for on month?
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cost
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Which of the following applies to the accounting system in which outstanding accounts are paid for office expenses and services?
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accounts payable
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Which of the following is the recommended turnaround time of an efficient billing and collections policy?
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two months or less
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Which of the following is not a true stement about a computerized accounting system?
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replaces all other systmens immediately
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What is the common name for an employee withholding allowance certificate?
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W-4
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Which of the following bookkeeping and accounting systems includes charge slipes or encounter forms?
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pegboard system
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What is not considered part of the itemized balance sheet?
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cost ratio
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In medical practices, embezzlement can be decreases by doing all of the following except?
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allow employees to use a signature stamp
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What is created by totaling debit balances and credit balances to confirm that total debits equal total credits?
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trial balance
