All insurance companies are licensed by the state's Department of Insurance.
Indicate whether the statement is true or false
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Q. 2) The federal government polices insurance companies.
Indicate whether the statement is true or false
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Q. 3) An agency retained by the medical practice for the purpose of collecting debts is called a billing company.
Indicate whether the statement is true or false
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Q. 4) The mailing of statements to patients is called soft collections.
Indicate whether the statement is true or false
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Q. 5) A list of co-insurance amounts posted at the front desk will assist in patient collection efforts.
Indicate whether the statement is true or false
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Q. 6) Typically a medical biller will review the aging reports on a monthly basis as a way of managing the practice's _____________________________
_.
Fill in the blank(s) with correct word
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Q. 7) Money paid by a practice or a provider for office rent, office utilities, and employee salaries are considered ____________________.
Fill in the blank(s) with correct word
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Q. 8) A medical biller may generate claims, ____________________ claims, post payments, and make follow-up calls for submitted claims.
Fill in the blank(s) with correct word
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Q. 9) Typically a minimum of ____________________ days passes before a claim is rebilled.
Fill in the blank(s) with correct word
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Q. 10) On the patient aging report, ____________________ owed after the payment from the patient insurance may appear.
Fill in the blank(s) with correct word
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