Remittance advice Study guides, Class notes & Summaries

Which of the following terms should a medical assistant use to tell a provider that a patient is having discomfort and difficulty breathing? - ️️dyspnea Which of the following methods is used to notify a provider of the denial of a claim by an insurance carrier? - ️️remittance advice Which of the following positions is appropriate for a pelvic examination? - ️️Lithotomy Which of the following cardiac procedures is within the medical assistants scope of practice and does not req...

What is the purpose of HIPAA? - • Protect PHI from unauthorized disclosure/use; • Prevent fraud, waste and abuse (via Administrative Simplification); • Make health insurance portable under ERISA; • Move health care onto a nationally standardized electronic billing platform Ref. More on HIPAA: HIPAA resides in which CFR section? - 45 CFR sections 164.102 through 164.534 What are the subparts of HIPAA part 164? - HIPAA - 45 CFR 164, subparts: Subpart A - General rules Sub...

SCSC 301 EXAM QUESTIONS WITH ALL CORRECT DETAILED ANSWERS What are the four competitive priorities mentioned in class? A. Cost, Quality, SpeedlTime, Flexibility B. Inventory, Retail management, Flexibility, Supply Chain C. Both A and B D. None of the above - ANSWER- A. Cost, Quality, Seedtimes, Flexibility "A purchase requisition is a request to purchase materials or services,while a purchase order is a legal agreement between a Buyer and a supplier for the provision of goods. A. T...

Chapter 1 Test Review  Question 1_4 out of 4 points What is the value of a remittance advice? Selected Answer: c. It states what will be paid and why any changes to charges were made. Correct Answer: c. It states what will be paid and why any changes to charges were made. Response Feedback: Rationale: The determination of the payer is sent to the provider in the form of a remittance advice. The remittance advice explains the outcome of the insurance adjudication on the claim, inclu...

Identify internal controls for cash handling A. The separation of cash handling procedures whereby the same person who opens and endorses the checks is not responsible for the deposit B. The establishment of internal audits by personnel outside the involved department. C. The routine use of outside auditors to track cash flow D. The routine reconciliation of daily cash against deposits, postings, and write-offs E. The use of multiple levels of authorization for refund checks, write-offs, a...

NCCT REVIEW-COLLECTIONS QUESTIONSN AND ANSWERS 1. It is important to make the patient aware of the mailing address, interest rates, and length of agreement when setting up a A. fee schedule. B. payment arrangement. C. pre-payment plan. D. deductible fee. - Answer-payment arrangement. —-Rationale—- A payment arrangement is an agreement between the patient and medical office to make monthly payments on a balance that is the patient's responsibility. All the information will be on t...

Question 1_4 out of 4 points What is the value of a remittance advice? Selected Answer: c. It states what will be paid and why any changes to charges were made. Correct Answer: c. It states what will be paid and why any changes to charges were made. Response Feedback: Rationale: The determination of the payer is sent to the provider in the form of a remittance advice. The remittance advice explains the outcome of the insurance adjudication on the claim, including the payment amount, co...

AIS Chapter 2 Test Questions and Answers All Correct Which system is not part of the expenditure cycle? a. cash disbursements b. payroll c. production planning/control d. purchases/accounts payable - Answer-c. production planning/control 2. Which system produces information used for inventory valuation, budgeting, cost control, performance reporting, and make-buy decisions? a. sales order processing b. purchases/accounts payable c. cash disbursements d. cost accounting - A...

It is important to make the patient aware of the mailing address, interest rates, and length of agreement when setting up a - correct answer payment arrangement. What is the correct term for a doctor who enters into an agreement with a third party payer on charges, discounts, and services rendered to their policyholders within the network? - correct answer PAR (participating provider) a physician who enters into an agreement with a payer to offer discounts on charges rendered to their policy ...

ACCT 3340 SUA Test (2023/2024) Already Graded A Basic Steps in the Sales/Collection Process 1. Take the customer's order 2. Approve the customer's credit 3. Fill the approved order 4. Ship the product 5. Bill the customer 6. Receive payment 7. Sales returns 8. Identify and write off uncollectible accounts 1. Take the customer's order a. Can be written, electronic, or verbal b. Not a recordable transaction (no entry is made until the order is shipped) 2. Approve the customer's credit a. App...