FREE AND STUDY GAMES ABOUT GUNTERMANMOS 18-19

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FREE AND STUDY GAMES ABOUT GUNTERMANMOS 18-19

EXAM QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -41 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation Question 1: the best bank account for maintaining funds that are used for paying seasonal expenses

Answer:

interest bearing account Question 2: a plan in which payments are transferred, usually electronically, by a paying agency directly to the account of a recipient

Answer:

direct deposit Question 3: when a check is returned from the bank due to NSF, the medical assistant should

Answer:

reverse payment on patient account and add the amount charged for the NSF.

Question 4: individual assigned to make financial decisions about the estate

Answer:

executor

Question 5: what is a "skip"

Answer:

someone who has moved without a forwarding address to keep from paying a bill Question 6: coordinator of financial resources assigned by the court during a bankruptcy case

Answer:

trustee

Question 7: "cash basis" system used by most physician offices means

Answer:

charges are recorded as income at the time they are received

Question 8: something of value that cannot be touched physically

Answer:

intangible

Question 9: STARK law imposes restriction on what

Answer:

professional courtesy

Question 10: what should be considered when using a collection agency

Answer:

net back

Question 11: payments returned to the insurance company for overpayment

Answer:

refund Question 12: what is the first thing you should do when a check is returned unpaid from the bank

Answer:

contact the person who wrote the check

Question 13: four types of endorsements

Answer:

blank, special, restrictive, and qualified Question 14: for offices with a no cash policy, what is the recommended payment method

Answer:

money order Question 15: a system of recording, classifying, and summarizing financial transactions is called

Answer:

accounting

Question 16: list of products or services provided to the facility for payment

Answer:

invoice

Question 17: reasons to stop payment on a check

Answer:

loss of check, disagreement about a purchase, disagreement about a payment Question 18: the United States is divided into how may Federal Reserve districts

Answer:

12 Question 19: check drawn on the bank's own account and signed by an authorized bank official

Answer:

cashier's check Question 20: individual who subscribes to the insurance plan and accepts financial responsibility for the patient

Answer:

guarantor

Question 21: when should you deposit checks from patients and other sources

Answer:

as soon as possible

Question 22: a check made to "cash" is often used in the office for

Answer:

petty cash

Question 23: misuse of healthcare facility's funds for personal gain

Answer:

embezzlement Question 24: the endorsement includes words specifying the person to whom the endorser makes the check payable

Answer:

special endorsement Question 25: If not handled properly ____ can decrease what is owed to the provider.

Answer:

credit balances and refunds Question 26: what digits in the RTN represent the individual bank identification number

Answer:

last 6 digits

Question 27: considered the most successful collection strategy

Answer:

telephone call Question 28: if a person in the office is allowed to sign checks on the physician's business account they must first sign what document at the bank

Answer:

signature card