Identify possible financial obligations

Reference no: EM133206077

Question 1. Identify three possible financial obligations a patient might have for services rendered.

Question 2. Identify one precaution for each of the following types of payment you might receive in a medical office.

Cash

Check

Credit card

Debit card

Question 3. In Chapter 15 (Bookkeeping), you read about posting on patient accounts. You also learned there are times when adjustments need to be made to an account. Below are four types of adjustments that can be made to a patient account. "In your own words" describe why each of the following adjustments might need to be made. Please be brief.

Non-sufficient funds

Collection agency transaction

Credit balance

Third party payment

Question 4. A patient is filling out their new patient packet and comes across this sentence.

"financial obligations for services rendered"

1. They come up to the front desk and ask you to explain. How can you explain this sentence in layman's terms so that they understand.

Reference no: EM133206077

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