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MA1229 Finance Quiz #1 jb

Horizontales
Company that provides info about a person's credit worthiness Ex Equifax, TransUnion (2 wds)
a written document with a description of all credit terms; aka a Truth in Lending statement (2 wds)
The original record of services performed for a pt & the fees charged (2 wds)
Type of credit agreement good for both parties; pt billed full amt & must pay the set minimum at least; this agreement can be regulated by TLA if more than 4 pmts are needed; aka bilateral
Type of credit agreement that is good for the pt; they are billed the full amt of the debt every month & pay as much as possible; not regulated by Truth in Lending Act; aka one-sided
Type of account open to charges made as needed (2 wds) most pts have this type of acct
Federal law to prevent creditors from discriminating on the basis of age, sex, race, religion, etc (4 wds)
An extension of time to pay for services based upon trust; allows pt to pay over a period of time
a contract/agreement between the physician & pt where the pt will pay a bill in more than four installments; governed by the Truth in Lending Act (2 wds)
With "Accounts" income or money owed TO a business for services rendered
Pt account that has 1 charge allowed (usually for a small amount) for a vacationer who will not need this Dr's services again (2 wds)
Verticales
With "Act"; a part of the Consumer Credit Protection; it covers credit terms requiring more than 4 pmts; pt must be given a disclosure statement (3 wds)
State law setting a time limit for filing a lawsuit on past due accts (3 wds)
Federal act/law to prevent harassment, threats & false statements during attempts to collect on a debt (3 wds)
With "Accounts" money owed BY a business to pay for expenses & supplies, rent, etc.
Pts who are given free or reduced-cost treatment; include poor, uninsured, elderly on fixed income, severe $$ loss, family tragedy; today looked at carefully & is given only at physician's discretion
A method used to write off charges on an acct; often used when an insurance plan pays at a reduced rate
A form used to provide info on services performed, charges, diagnosis info, & payment made; aka Superbill
A person who is financially responsible for payment of a bill
A process of classifying the past due A/R by age; 30, 60, 90, 120 days etc (2 wds)
Pt bill sent monthly with itemized services, payments, & balance due on the acct
A billing system to send bills to groups of pts every few days to reduce workload & provide better cash flow (2 wds)