Question 1

Accounts are considered current if the patient has not received the first statement and the money has not been owed for longer than _______.

Accepted Answer

The answer of Accounts are considered current if the patient...

Question 2

Fill in the blank:
 _______ is a series of reminders that payment is past due.

Accepted Answer

A) A credit report 
B) Skip tracing 
C) The collection process 
D) A divided payment plan

Question 3

A collection agency charges the dental practice _______ to take over the collection process.

Accepted Answer

A) 10%-20% of the balance due 
B) 20%-30% of the balance due 
C) 30%-50% of the balance due 
D) a predetermined flat rate

Question 4

All of the following are elements of a financial policy,except:

Accepted Answer

A) community standards. 
B) practice philosophy. 
C) business principles. 
D) copayment levels.

Question 5

A copayment is the portion of the dental statement for which the insurance company is financially liable.

Accepted Answer

A) True 
 B)False

Exam 14: Financial Arrangements and Collection Procedures

Accounts are considered current if the patient has not received the first statement and the money has not been owed for longer than _______.