The three primary fee-for-service methods of reimbursement are cost based, charge based, and prospective payment. Under cost-based reimbursement, the payer agrees to reimburse the provider for the costs incurred in providing services to the insured population.
What is the time frame for an office to begin collection efforts?
25 Cards in this Set
| What tow types of bookkeeping systems are used in dental practices | Accounts Receivable Accounts Payable |
|---|---|
| What methods of payment can a patient use to pay on an account | Cash Checks Credit Cards |
| How often should bank deposits be made | Daily |
| After how much time should an office begin collection efforts | 30 Days |
What form is used to transmit a patient’s fee for service?
6. What form is used to transmit a patient’s fee from the treatment area to the business office? A charge slip is used to transmit a patient’s fee.
What term is used to indicate that an account does not have enough money in it to cover a check?
The term non-sufficient funds (NSF), or insufficient funds, refers to the status of a checking account that does not have enough money to cover transactions. NSF also describes the fee charged when a check is presented but cannot be covered by the balance in the account.
What are the two types of bookkeeping systems?
The single-entry and double-entry bookkeeping systems are the two methods commonly used. While each has its own advantage and disadvantage, the business has to choose the one which is most suitable for their business.
Why are the two patient signature boxes on the insurance claim form necessary?
Use the insured’s permanent address, which may be different from the patient’s address in block 5. These boxes are important for determining liability and coordinating benefits. Employment: Check this box if the patient is employed, whether full-time or part-time.
Why would receivable days increase?
The increase of the accounts receivable turnover (days) ratio may have following reasons: deterioration of the buyers’ payment discipline; activation of providing consumer loans for goods and services; mistakes during the definition of credit policies, which led to the provision of loans to unreliable debtors, etc.
