MOPS

Card Set Information

Author:
shaketarenae
ID:
92947
Filename:
MOPS
Updated:
2011-07-04 17:45:16
Tags:
Summer Quarter Terms
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Description:
Fees, Credit, & Collection Terms
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  1. The total amount of money owed for services rendered.
    Accounts receivable
  2. An analysis of acconts receivable indicating 60, 90, and 120 days delinquency.
    Aging accounts
  3. The amount owed on an account.
    Account balance
  4. The state of being legally unable to pay one's debt; Destitution.
    Bankruptcy
  5. A statement of fees owed for services rendered.
    Bill
  6. 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
  7. Fees for professional services rendered.
    Charging
  8. A transaction or fee slip completed by a physician at the time a patient receives medical treatment.
    Charge slip/Transaction slip
  9. A written order to pay a sum of money; the most common form of money exchange other than cash.
    Check
  10. Any possession, such as automobile, furniture, stocks. or bonds, etc., that secures the discharge of an obligation.
    Collateral
  11. The proportion of money owed to money collected on accounts receivable.
    Collection rate
  12. 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
  13. Sending itemized statements on the basis of an alphabetical breakdown to portions of the accounts receivable at certain times of the month.
    Cycle billing
  14. 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
  15. A message or phrase to remind a person about delinquent payment.
    Dun
  16. The balance brought forward on a payment ledger card.
    Extending
  17. Collecting a fee at the time service is rendered.
    Fee-for-service
  18. A list of common procedures with fees.
    Fee schedule
  19. The practice of sharing a commission, rebate or payment with another professional for a service rendered; unethical but not illegal.
    Fee spliting
  20. To attach a debtor's property or wages for payment of a debt.
    Garnishment
  21. A record posted daily, showing charges, payments, and balances owed.
    Ledger card
  22. Able to take care of ordinary living expenses, but cannot afford medical care.
    Medically indigent
  23. A record of business transaction on the books that are open to charges made from time to time.
    Open accounts
  24. A fact sheet or pamphlet detailing policies of the medical office for patients.
    Patient information booklet
  25. Cash, checks, credit cards, or money orders received as compensation for professional services rendered.
    Payment
  26. A discount or discharge of a debt granted to a certain individuals at the discretion of the physician rendering the service.
    Professional courtesy
  27. A written acknowledgement of individual cash payments.
    Receipt
  28. An-all encompassing billing device.
    Superbill

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