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.