MDAST 322 Chapter 16 Exam Latest Updated Graded A+

MDAST 322 Chapter 16 Exam Latest Updated Graded A+ A(n) __________ check has a detachable form that is used to itemize or specify the purpose for which the check is drawn. - Answer- Voucher. Fees applied to the patient account once services are rendered are known as ________. - Answer- Charges. Amounts owed to the physician are accounts _____________. - Answer- Receivable. Which of the following needs to occur when a check is returned from the bank for NSF? - Answer- The payment posted to the patient account must be reversed and a charge line item must be added with the amount of the NSF check. For offices with a no cash policy, which type of payment is typically recommended for patients without a bank account? - Answer- Money order. Payments to the healthcare facility come as reimbursement from the insurance company only. Adjustments are made to a patient's account when it is necessary to add or subtract a patient payment from the balance. - Answer- Both statements are false. The first thing that should be done when an NSF check is received at the physician's office is to: - Answer- Call the patient to let the person know that the check was returned. The bank statement reconciliation is used as an audit, or to ensure that the bank is managing the funds in the account accurately. Any errors on the bank statement should be reported to the bank immediately. - Answer- Both statements are true. Which of the following digits in an RTN represent the individual bank identification number? - Answer- Last six digits. Blank endorsements make checks payable to the bearer. - Answer- TRUE. Blank endorsements allow the bearer to cash the check. Who is financially responsible for a minor seeking treatment for STD without parental consent? - Answer- It depends; the medical assistant must determine where the statement should be sent. All property available for the payment of debts said to be his or her __________. - Answer- Assets. Bank statements should be checked immediately upon receipt and scanned carefully for errors. - Answer- TRUE. Bank statements should always be reviewed for errors immediately upon receipt. Something that is legally transferable to another party is said to be __________. - Answer- Negotiable. Which of the following is the most successful collection strategy? - Answer- Telephone call. Who in the office is authorized to sign checks? - Answer- Only those whose names appear on the signature card. The three most common types of bank accounts are checking accounts, savings accounts, and money market savings accounts. - Answer- TRUE. Common bank accounts include checking, savings, and money market accounts. A(n) __________ endorsement is used in preparing checks for deposit to the physician's checking account. - Answer- Restrictive. The __________ uncovers any errors that may exist in the checkbook or, on rare occasions, the bank statement. - Answer- Reconciliation. The person who writes the check is called the drawee. - Answer- FALSE. The person who writes the check is called the drawer. In the physician's office, the accounts payable is the amount of money that all patients owe the physician. - Answer- FALSE. The accounts receivable is the amount of money that all patients owe the physician.