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MA1229 Finance - #1

Phase 2
Horizontales
Written description of agreed terms of payment; aka Truth in Lending Act; 2 wds
With Accounts...money owed by a business
Charges written off when it is more than allowed by insurance carrier
Free or reduced-cost treatment for Pt's unable to pay ie poor, elderly, under or un-insured, etc; 2 wds
With Act...federal law that prevents creditors from discriminating against applicants because of age, sex, race, religion... 3 wds
Original record of services performed for a pt & their charges; 2 wds
System that creates invoice to groups of pt's every few days; spreads the work & cash flow over the month
Part of Consumer Credit Protection Act; covers credit involving more than 4 payments; 3 wds
Bill that itemizes services done, payments made, & requests payment sent monthly
Type of Acct open to charges as needed; most common type of A/R acct; 2 wds
Person who is financially responsible for the bill
With Accounts...income or money owed to a business
Verticales
State law that sets time limit for filing a lawsuit for collecting on old debt; 3 wds
With Practice...prevents harassment, false statements, & threats to collect $ on loans; 3 wds
Process of classifying & reviewing past due accts by age from the 1st date of billing; 2 wds
Form that combines charges for services, invoice for payment, & info for insurance claim form; aka Superbill
Type of credit arrangement; Pt billed every month for full amt & pays what they can; not regulated by TLA
Credit arrangement aka bilateral; pt billed for full amt but will pay minimum amt every month
Extension of time to pay for services provided on trust