Question 1

What does the Export button in the Deposit List dialog box do?

Accepted Answer

A)  applies payments to specific charge transactions 
B)  sends a command to print the deposit list 
C)  exports the data in either Quicken or QuickBooks program formats 
D)  None of these are correct. 
A)  applies payments to specific charge transactions 
B)  sends a command to print the deposit list 
C)  exports the data in either Quicken or QuickBooks program formats 
D)  None of these are correct.

Question 2

Which statements list only those charges that are not paid in full after all insurance carrier payments have been received?

Accepted Answer

A)  patient statements 
B)  remainder statements 
C)  standard statements 
D)  billing statements 
A)  patient statements 
B)  remainder statements 
C)  standard statements 
D)  billing statements

Question 3

Clicking the ____________ button instructs Medisoft to generate statements after all selections are complete in the Create Statements dialog box.

Accepted Answer

A)  Create 
B)  Print 
C)  Display 
D)  Produce 
A)  Create 
B)  Print 
C)  Display 
D)  Produce

Question 4

What happens after a deposit entry is saved in the Deposit dialog box?

Accepted Answer

A)  The Deposit List dialog box reappears blank. 
B)  The Deposit List dialog box reappears with the new deposit listed. 
C)  The Transaction Entry dialog box reappears blank. 
D)  The Transaction Entry dialog box reappears with the new deposit listed. 
A)  The Deposit List dialog box reappears blank. 
B)  The Deposit List dialog box reappears with the new deposit listed. 
C)  The Transaction Entry dialog box reappears blank. 
D)  The Transaction Entry dialog box reappears with the new deposit listed.

Question 5

Which of the following explains how to make an adjustment to an account with an applied zero payment?

Accepted Answer

A)  identify the amount in the Remainder column and enter that amount into the Adjustment column 
B)  identify the amount in the Adjustment column and enter that amount into the Remainder column 
C)  enter a zero amount in the Remainder column 
D)  enter a zero amount in the Adjustment column 
A)  identify the amount in the Remainder column and enter that amount into the Adjustment column 
B)  identify the amount in the Adjustment column and enter that amount into the Remainder column 
C)  enter a zero amount in the Remainder column 
D)  enter a zero amount in the Adjustment column

Question 6

In this type of billing system, patient statements are printed and mailed all at once.

Accepted Answer

A)  once-a-month 
B)  flexible 
C)  cycle 
D)  staggered 
A)  once-a-month 
B)  flexible 
C)  cycle 
D)  staggered

Question 7

What type of payment is made to physicians on a regular basis?

Accepted Answer

A)  carrier 
B)  capitation 
C)  copayment 
D)  automatic 
A)  carrier 
B)  capitation 
C)  copayment 
D)  automatic

Question 8

A Medicare patient receives services valued at $1,120 according to a provider's usual fee, but the MPFS allowed charge is only $1,035. Assuming the deductible has been met, how much is the amount of the practice's adjustment?

Accepted Answer

A)  $0 
B)  $85 
C)  $207 
D)  $1,035 
A)  $0 
B)  $85 
C)  $207 
D)  $1,035

Question 9

In what section of the Apply Payments to Charges window are the payments entered and applied?

Accepted Answer

A)  top 
B)  middle 
C)  lower 
D)  upper right-hand 
A)  top 
B)  middle 
C)  lower 
D)  upper right-hand

Question 10

Which of the following is the reason that guarantors rather than patients are listed in the Statement Management dialog box?

Accepted Answer

A)  The guarantors' names must match the chart numbers. 
B)  Practices prefer to mail multiple statements. 
C)  Statements are created only for those financially responsible for accounts. 
D)  All of these are correct. 
A)  The guarantors' names must match the chart numbers. 
B)  Practices prefer to mail multiple statements. 
C)  Statements are created only for those financially responsible for accounts. 
D)  All of these are correct.

Question 11

A procedure on the Medicare nonparticipating fee schedule is priced at $320. How much can the nonparticipating provider charge for the procedure under the Medicare limiting charge?

Accepted Answer

A)  $115 
B)  $272 
C)  $320 
D)  $368 
A)  $115 
B)  $272 
C)  $320 
D)  $368

Question 12

A practice has agreed to a capitated plan with an insurance carrier under which it covers 20 patients and receives a $3,000-per-month reimbursement payment. What payment will the practice receive if it only treats 10 patients in a month?

Accepted Answer

A)  $0 
B)  $1,500 
C)  $3,000 
D)  $6,000 
A)  $0 
B)  $1,500 
C)  $3,000 
D)  $6,000

Question 13

What must the report selected in the Open Report dialog box match?

Accepted Answer

A)  the type of statement selected in the Statement Type field of the Create Statements dialog box 
B)  a Remainder Statement 
C)  a Standard Statement 
D)  None of these are correct. 
A)  the type of statement selected in the Statement Type field of the Create Statements dialog box 
B)  a Remainder Statement 
C)  a Standard Statement 
D)  None of these are correct.

Question 14

What is the most common outcome when an insurance carrier pays a provider for a billed amount?

Accepted Answer

A)  The insurance carrier does not fully pay the amount billed. 
B)  The insurance carrier pays the exact amount billed. 
C)  The insurance carrier pays more than the amount billed. 
D)  None of these are correct. 
A)  The insurance carrier does not fully pay the amount billed. 
B)  The insurance carrier pays the exact amount billed. 
C)  The insurance carrier pays more than the amount billed. 
D)  None of these are correct.

Question 15

What may be entered in the Rejection field in the Apply Payment/Adjustments to Charges dialog box?

Accepted Answer

A)  the name of the physician who provided the services that have been rejected 
B)  the name of the insurance carrier who rejected the claim 
C)  the patient's reason for not paying 
D)  a rejection message from the RA 
A)  the name of the physician who provided the services that have been rejected 
B)  the name of the insurance carrier who rejected the claim 
C)  the patient's reason for not paying 
D)  a rejection message from the RA

Question 16

A patient in a managed care plan receives services valued at $245 according to a provider's usual fee, but the allowed charge is only $220. The patient has a required copayment of $20. What is the adjustment that must be made by the practice?

Accepted Answer

A)  $0 
B)  $20 
C)  $25 
D)  $44 
A)  $0 
B)  $20 
C)  $25 
D)  $44

Question 17

What type of statement would a practice use to locate charges that still require further payment?

Accepted Answer

A)  Patient statements 
B)  Remainder statements 
C)  Standard statements 
D)  Billing statements 
A)  Patient statements 
B)  Remainder statements 
C)  Standard statements 
D)  Billing statements

Question 18

A statement needs to be sent to a child who was brought to the practice by her mother but has insurance coverage under her father's plan. Who is the appropriate person to whom a patient statement should be sent?

Accepted Answer

A)  the insurance carrier 
B)  the child's father 
C)  the child's mother 
D)  the child 
A)  the insurance carrier 
B)  the child's father 
C)  the child's mother 
D)  the child

Question 19

Which tab in the Statement dialog box lists the transactions placed on the statement?

Accepted Answer

A)  General tab 
B)  Transactions tab 
C)  Notes tab 
D)  Comment tab 
A)  General tab 
B)  Transactions tab 
C)  Notes tab 
D)  Comment tab

Question 20

Which of the following is the first step in processing a remittance advice?

Accepted Answer

A)  compare the RA to the original insurance claim 
B)  identify the reasons for denials or payment reductions 
C)  bill the patient's secondary health care plan if appropriate 
D)  review the payment amount against the expected amount 
A)  compare the RA to the original insurance claim 
B)  identify the reasons for denials or payment reductions 
C)  bill the patient's secondary health care plan if appropriate 
D)  review the payment amount against the expected amount

What does the Export button in the Deposit List dialog box do?

Which statements list only those charges that are not paid in full after all insurance carrier payments have been received?

Clicking the ____________ button instructs Medisoft to generate statements after all selections are complete in the Create Statements dialog box.

What happens after a deposit entry is saved in the Deposit dialog box?

Which of the following explains how to make an adjustment to an account with an applied zero payment?

In this type of billing system, patient statements are printed and mailed all at once.

What type of payment is made to physicians on a regular basis?

A Medicare patient receives services valued at $1,120 according to a provider's usual fee, but the MPFS allowed charge is only $1,035. Assuming the deductible has been met, how much is the amount of the practice's adjustment?

In what section of the Apply Payments to Charges window are the payments entered and applied?

Which of the following is the reason that guarantors rather than patients are listed in the Statement Management dialog box?

A procedure on the Medicare nonparticipating fee schedule is priced at $320. How much can the nonparticipating provider charge for the procedure under the Medicare limiting charge?

A practice has agreed to a capitated plan with an insurance carrier under which it covers 20 patients and receives a $3,000-per-month reimbursement payment. What payment will the practice receive if it only treats 10 patients in a month?

What must the report selected in the Open Report dialog box match?

What is the most common outcome when an insurance carrier pays a provider for a billed amount?

What may be entered in the Rejection field in the Apply Payment/Adjustments to Charges dialog box?

A patient in a managed care plan receives services valued at $245 according to a provider's usual fee, but the allowed charge is only $220. The patient has a required copayment of $20. What is the adjustment that must be made by the practice?

What type of statement would a practice use to locate charges that still require further payment?

A statement needs to be sent to a child who was brought to the practice by her mother but has insurance coverage under her father's plan. Who is the appropriate person to whom a patient statement should be sent?

Which tab in the Statement dialog box lists the transactions placed on the statement?

Which of the following is the first step in processing a remittance advice?

Introduction to Health Information Technology and Medical Billing

Introduction to Medisoft

Entering Patient Information

Working With Cases

Entering Charge Transactions and Patient Payments

Creating Claims

Creating Reports

Collections in the Medical Office

Filters

Exam 7: Posting Payments and Creating Patient Statements

What does the Export button in the Deposit List dialog box do?

Which statements list only those charges that are not paid in full after all insurance carrier payments have been received?

Clicking the ____________ button instructs Medisoft to generate statements after all selections are complete in the Create Statements dialog box.

What happens after a deposit entry is saved in the Deposit dialog box?

Which of the following explains how to make an adjustment to an account with an applied zero payment?

In this type of billing system, patient statements are printed and mailed all at once.

What type of payment is made to physicians on a regular basis?

A Medicare patient receives services valued at $1,120 according to a provider's usual fee, but the MPFS allowed charge is only $1,035. Assuming the deductible has been met, how much is the amount of the practice's adjustment?

In what section of the Apply Payments to Charges window are the payments entered and applied?

Which of the following is the reason that guarantors rather than patients are listed in the Statement Management dialog box?

A procedure on the Medicare nonparticipating fee schedule is priced at $320. How much can the nonparticipating provider charge for the procedure under the Medicare limiting charge?

A practice has agreed to a capitated plan with an insurance carrier under which it covers 20 patients and receives a $3,000-per-month reimbursement payment. What payment will the practice receive if it only treats 10 patients in a month?

What must the report selected in the Open Report dialog box match?

What is the most common outcome when an insurance carrier pays a provider for a billed amount?

What may be entered in the Rejection field in the Apply Payment/Adjustments to Charges dialog box?

A patient in a managed care plan receives services valued at $245 according to a provider's usual fee, but the allowed charge is only $220. The patient has a required copayment of $20. What is the adjustment that must be made by the practice?

What type of statement would a practice use to locate charges that still require further payment?

A statement needs to be sent to a child who was brought to the practice by her mother but has insurance coverage under her father's plan. Who is the appropriate person to whom a patient statement should be sent?

Which tab in the Statement dialog box lists the transactions placed on the statement?

Which of the following is the first step in processing a remittance advice?

Introduction to Health Information Technology and Medical Billing

Introduction to Medisoft

Entering Patient Information

Working With Cases

Entering Charge Transactions and Patient Payments

Creating Claims

Creating Reports

Collections in the Medical Office

Filters