HCS 182 Week 1 Financial Concepts Worksheet | eBooks | Education

HCS 182 Week 1 Financial Concepts Worksheet

HCS 182 Week 1 Financial Concepts Worksheet PLDZ-4155
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HCS 182 Week 1 Financial Concepts Worksheet 

https://uopcourses.com/category/hcs-182/

 

HCS 182 Week 1 Financial Concepts Worksheet

 

Resource: Financial Concepts Worksheet

Complete Parts A and B of the Financial Concepts Worksheet.

Click the Assignment Files tab to submit your assignment.

Financial Concepts Worksheet

 

Part A: Match the appropriate term to its definition.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1. _____   Fee

 

 

A. The total amount a patient must pay on a covered medical expense.
2. _____   Bad Debt

 

 

B. A summary of how the business incurs its revenues and expenses through both operating and non-operating activities.
3. _____   Charge Master

 

 

C. A small amount of cash available for expenses such as postage, parking, fees, small contributions, emergency medical supplies, making change for patients, and small miscellaneous items.
4. _____   Allowed Charges

 

 

D. The specific dollar amount charged by the healthcare entity or physician for each service offered.
5. _____   Deductible

 

 

E. The maximum amount a payer will allow for each procedure.
6. _____   Accounts Receivable

 

 

F. Daily record of financial transactions, including services rendered, charges, and receipts.
7 _____   Petty Cash Fund

 

 

G. The amount of medical encounter charges that is still outstanding.
8. _____   Net Revenue

 

 

H. The part of the medical bill that must be written off because of billing arrangements with payer.
9. _____   Contractual Adjustments

 

 

I. Accounts receivable that cannot be collected and are managed by either the allowance method or direct write-off.
HCS 182 Week 1 Financial Concepts Worksheet https://uopcourses.com/category/hcs-182/ HCS 182 Week 1 Financial Concepts Worksheet Resource: Financial Concepts Worksheet Complete Parts A and B of the Financial Concepts Worksheet. Click the
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