| A | B |
|---|
| accounting | recording and analyzing fiances |
| account payable | money owed to others for services, supplies, or equipment received |
| accounts payable ledger | a book that tracks office expenses & remaining debts to be paid |
| account receivable | services have been given and the payment not received |
| accounts receivable ledger | book of amounts owed to the office, either from patients or insurance carrier |
| adjustments | a correction or modification to financial information |
| advanced beneficiary notice | informs patient that Medicare may not pay for certain services |
| assets | a company's economic resources |
| balance sheet | statement that reflects the financial health of a business at any point in time |
| bank statement | monthly summary of bank account sent by the bank to the account holder |
| billing | processing money owed by patients |
| cash flow statement | a record of how much money is being spent and on what the money is being spent on |
| check ledger | record of all checks written and deposits made on behalf of the medical office |
| claim | a form submitted to a third party payer for reimbursement |
| CMS-1500 claim form | form used for medicare and medicaid claims |
| copayment | patient is required to pay a set amount for each visit to the HCP |
| coinsurance | remaining percentage of an encounter fee after receiving a copayment |
| credit balance | shows that patient paid more than it owed & has a credit in the account |
| daysheet | summary of office's daily financial activity |
| deductible | amount patient must pay for health care expenses before insurance pays for health care |
| delinquent accounts | account that is unpaid for a long period of time |
| deposit slips | itemized memo of cash and checks to be credited to a bank account |
| disbursement | any outgoing amount of money |
| disbursement journal | a record kept to record all financialexpenditues |
| encounter form | a document used to collect data about given elements of a patient visit |
| endorsement | signature or stamp on back of a check |
| equity | what belongs to the business owner |
| exclusion | types of health care services that health insurance companies do not payfor |
| expenditures | costs associated with running the office |
| fee for service | cost of providing service |
| fee schedule | list of specified fees which will be charged for service |
| guarantor | person ultimately responsible for the balance of an account |
| income | money that patients or insurance carriers pay the medical office in return for services or products |
| invoice | an itemized statement of serivces and charges to the patient |
| itemized | line-by-line of all of the services, supplies, and medications patient needed |
| ledger | a book with info on all the office's business accounts |
| liabilities | debts such as office expenses and employee payroll |
| limits | total amount that a health insurance company will pay for precedures and services |
| patient ledger card | an account summary of one individual or family |
| petty cash fund | small amount of cash kept on hand in the office |
| premium | cost of an insurance plan |
| purchase order | form filled out by a buyer and sent to a vendor |
| receipt | written proof of payment |
| professional courtesy | physician chooses to discount fees |
| vendor | supplier |
| write-off | deletion of a fee or balance owned to an account |
