MOA 110 Review (2025 updated)
questions well answered to pass
List several ways a computerized financial management system benefits a medical practice -
correct answer ✔✔a. it provides an accurate business analysis of a medical practice
b. improves cash flow by accelerating the collection process
c. relieves time consuming activities such as tracking office expenditures
d. preparing numerous monthly reports
e. accelerating the process of preparing billing statements and completing insurance claims
What projection does the office manager look at to determine how much actual cash should be
available each month? - correct answer ✔✔a written budget
Income received and expenses paid are presented in a report called a - correct answer
✔✔profit and loss statement
What important report is used to begin a financial analysis of a medical practice? - correct
answer ✔✔financial status report
Explain insurance aging report and list ways it can be broken down for analysis - correct answer
✔✔computer software can be utilized to separate the accounts receivable, showing all overdue
accounts and the amounts overdue with a breakdown of the length of time(or age) the account
is overdue
What are some of the things that are looked at and learned when an office manager analyzes a
medical practice's productivity? - correct answer ✔✔a. how effectively outstanding accounts
are being collected
b. how to calculate overhead expenses to determine what it costs to run a medical practice
questions well answered to pass
List several ways a computerized financial management system benefits a medical practice -
correct answer ✔✔a. it provides an accurate business analysis of a medical practice
b. improves cash flow by accelerating the collection process
c. relieves time consuming activities such as tracking office expenditures
d. preparing numerous monthly reports
e. accelerating the process of preparing billing statements and completing insurance claims
What projection does the office manager look at to determine how much actual cash should be
available each month? - correct answer ✔✔a written budget
Income received and expenses paid are presented in a report called a - correct answer
✔✔profit and loss statement
What important report is used to begin a financial analysis of a medical practice? - correct
answer ✔✔financial status report
Explain insurance aging report and list ways it can be broken down for analysis - correct answer
✔✔computer software can be utilized to separate the accounts receivable, showing all overdue
accounts and the amounts overdue with a breakdown of the length of time(or age) the account
is overdue
What are some of the things that are looked at and learned when an office manager analyzes a
medical practice's productivity? - correct answer ✔✔a. how effectively outstanding accounts
are being collected
b. how to calculate overhead expenses to determine what it costs to run a medical practice
