Describe the types of adjustments that would be made to patient accounts for the following 4 situations.
(NSF) or non-sufficient funds check, collection agency,
transaction credit balance,
third party
NSF- In the payment column write the details of the check and debit the adjustment amount
Transaction credit balance- Credit balance will be credited to the account.
Third Party
Contracted insurance fee
Excepted contract fee of service
Professional courtesy
Write offs
Describe the types of adjustments that would be made to patient accounts for the following 4...
Part II Describe the types of adjustments that would be made to patient accounts for the following 4 situations. Each correct answer is worth 1 point 1. (NSF) or non-sufficient funds check 2. collection agency transaction 3. credit balance 4. third party
3. Identify precautions for accepting the following types of payments: a. cash, b. check, c. credit card, d. debit card. (VII.C.3) 4. Describe types of adjustments made to patient accounts including: a non-sufficient funds (NSF) check, b.collection agency transaction, c.credit balance, d. third party. (VII.C.4) 5. Identify types of information contained in the patient's billing record. (VII.C. 5) 6. Explain patient financial obligations for services rendered. (VIL.C.6)
1. Discuss the effects of : a. a) up-coding b. b) down -coding ? 2. Define as they relate to medical insurance: a. confidentiality b. ethics c. fraud d. abuse 3. Define medical necessity as it applies to procedural and diagnostic coding? 4. Describe types of adjustment that may be made to a patient's accounts including: a. non-sufficient funds(NSF) check b. collection agency transaction c. credit balance d. third-party
Prepare the adjustment that the clerk would have made to record the NSF check. Increase or Decrease which accounts Following is a bank reconciliation for Zocar Enterprises for June 30, 2018. Cash Account $23,940 Bank Statement $20,095 4,875 (360) Balance as of 6/30/2018 Deposit in transit Outstanding checks Note collected by bank Bank service charge NSF check Adjusted cash balance as of 6/30/2018 2,035 (15) (1,350) $ 24,610 $24,610 As part of the normal process for handling an NSF check,...
4. What are the pitfalls of fee adjustments? 5. What is professional courtesy and why is it less common now than in years past? 6. Briefly explain how "skips" can be traced 7. Match the following terms with the correct definition Terms Definitions A. Money that is expected but has not yet been received B. Fees applied to the patient account when services are rendered C.The management of debt incurred and not yet paid D. Money given to the provider...
We have learned about four types of adjustments: (1) prepaid expenses, (2) unearned revenues, (3) accrued expenses, and (4) accrued revenues. Select one specific adjusting entry that falls under one of the four types and post the following: 1. A description of the adjustment and why it is necessary. 2. Provide an example of the transaction; include the debit and credit, with dates and amounts. In order to receive full credit for your post you must reply to another students...
Following is a bank reconciliation for Zocar Enterprises for June 30, 2018 Cash Account $24,485 Bank Statement $20,785 4,500 (420) Balance as of 6/30/2018 Deposit in transit Outstanding checks Note collected by bank Bank service charge NSF check Adjusted cash balance as of 6/30/2018 1,760 (30) (1,350) $24,865 $24,865 When reviewing the bank reconciliation, Zocar's auditor was unable to locate any reference to the NSF check on the bank statement. Furthermore, the clerk who reconciles the bank account and records...
Following is a bank reconciliation for Zocar Enterprises for June 30, Year 1: Cash Account $23,510 Bank Statenent $20,000 4,725 (520) Balance as of 6/30/Year 1 Deposit in transit Outstanding checks Note collected by bank Bank service charge NSP cheek adjusted cash balance as of 6/30/Year 1 1,660 (15) $24, 205 $24,205 As part of the normal process for handling an NSF check, the accounting clerk has notified the customer that their account did not contain sufficient funds to pay...
Help Following is a bank reconciliation for Zocar Enterprises for June 30, 2018 points Cash Bank Account Statement $23,895 $19,905 5,000 (490) 1,340 (20) (800) $24,415 $ 24, 415 Balance as of 6/30/2018 Deposit in transit Outstanding checks Note collected by bank Bank service charge NSF check Adjusted cash balance as of 6/30/2018 eBook References As part of the normal process for handling an NSF check, the accounting clerk has notified the customer that their account did not contain sufficient...
Following is a bank reconciliation for Zocar Enterprises for June 30, 2018. Cash Account Bank Statement Balance as of 6/30/2018 $ 25,220 $ 21,265 Deposit in transit 4,675 Outstanding checks (400 ) Note collected by bank 1,065 Bank service charge (45 ) NSF check (700 ) Adjusted cash balance as of 6/30/2018 $ 25,540 $ 25,540 As part of the normal process for handling an NSF check, the accounting clerk has notified the customer that their account did not contain...