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The total amount of money owed for services rendered.
Accounts receivable
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An analysis of acconts receivable indicating 60, 90, and 120 days delinquency.
Aging accounts
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The amount owed on an account.
Account balance
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The state of being legally unable to pay one's debt; Destitution.
Bankruptcy
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A statement of fees owed for services rendered.
Bill
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An obilgation of an insurance company or bonding agency to protect an employer against financial loss caused by the acts of omissions of employees.
Bonding
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Fees for professional services rendered.
Charging
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A transaction or fee slip completed by a physician at the time a patient receives medical treatment.
Charge slip/Transaction slip
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A written order to pay a sum of money; the most common form of money exchange other than cash.
Check
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Any possession, such as automobile, furniture, stocks. or bonds, etc., that secures the discharge of an obligation.
Collateral
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The proportion of money owed to money collected on accounts receivable.
Collection rate
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An entry on an account constituting an addition to a revenue, net worth or liability account; the balance in a persons favor in an account.
Credit
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Sending itemized statements on the basis of an alphabetical breakdown to portions of the accounts receivable at certain times of the month.
Cycle billing
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An entry on an account constituting an addition to an expense or asset account or a deduction from a revenue, a net worth, or a liability account.
Debit
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A message or phrase to remind a person about delinquent payment.
Dun
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The balance brought forward on a payment ledger card.
Extending
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Collecting a fee at the time service is rendered.
Fee-for-service
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A list of common procedures with fees.
Fee schedule
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The practice of sharing a commission, rebate or payment with another professional for a service rendered; unethical but not illegal.
Fee spliting
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To attach a debtor's property or wages for payment of a debt.
Garnishment
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A record posted daily, showing charges, payments, and balances owed.
Ledger card
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Able to take care of ordinary living expenses, but cannot afford medical care.
Medically indigent
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A record of business transaction on the books that are open to charges made from time to time.
Open accounts
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A fact sheet or pamphlet detailing policies of the medical office for patients.
Patient information booklet
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Cash, checks, credit cards, or money orders received as compensation for professional services rendered.
Payment
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A discount or discharge of a debt granted to a certain individuals at the discretion of the physician rendering the service.
Professional courtesy
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A written acknowledgement of individual cash payments.
Receipt
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An-all encompassing billing device.
Superbill
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