Fees billing collections and credit

Super bill (encounter form/charge slip)

Document by medical office record service for billing and insurance processing

Truth lending form

Extended installment of four or more.

Account receivable (AR)

Money owed to the physician.

Adjustment

A change to account. (Discount)

Accounts payable (AP)

Amounts that physician owes to others.

Calculation of assets in double bookkeeping

Assets= liabilities + net worth

Manual billing

Bookkeeping system completed by hand.

Debit

Charge has been entered (added to account)

Usual customary and reasonable (UCR)

Fees charged for medical services U: usual fee charged C: charged for the same procedure by the majority of physicians w same/similiar training R: charged for modified procedure that is difficult and more time consuming

Patient bankruptcy

File a claim to courts for payment

Age analysis

How long an account has been past due and instituting the collection.

Billing types

Payment at time of service Billing Outside collection agency

Credit

Payment has been received on account. (Subtract from account)

Professional courtesy (PC)

Physician doesn't charge

Copayment

Predetermined amount of money patient pays. (Helps ensure medical office receives payment for service)

Billing minors

Unless declared emancipated, are not responsible for bills.

Ledger card

Used to record charges adjustments payments and current balance. Can generate monthly statements.