Question 1

Which of the following types of transactions are recorded in Medisoft?

Accepted Answer

Medisoft is a medical billing software that records various types of transactions including payments, charges, and adjustments, hence all the options listed are correct.

Question 2

What are the amounts a provider bills for the services performed?

Accepted Answer

Charges are the amounts a provider bills for the services performed. These are the initial amounts requested before any adjustments, overpayments, or payments are applied.

Question 3

What are changes to patients' accounts?

Accepted Answer

B

Question 4

Monies received from patients and insurance carriers are considered

Accepted Answer

Monies received from patients and insurance carriers are classified as payments. These are the amounts paid to cover the cost of services rendered by a healthcare provider.

Question 5

Which of the following is an example of an adjustment?

Accepted Answer

Adjustments in accounting and finance can include various actions that alter the recorded amounts of transactions. Discounts for cash patients adjust the original amount charged, refunding of overpayments corrects the amount of money owed to or by a party, and returned checks necessitate adjustments to reflect the actual available funds. Therefore, all these examples represent adjustments.

Question 6

A payer sends a practice an electronic check as scheduled under a capitation plan. This is an example of which one of the following choices?

Accepted Answer

An electronic check sent by a payer to a practice under a capitation plan is an example of a payment. Capitation plans involve pre-arranged payments to healthcare providers for services to enrolled members, rather than payments for individual services rendered.

Question 7

A practice receives notice from the bank that a patient's check has not cleared due to a lack of funds and updates its account accordingly. This is an example of which one of the following choices?

Accepted Answer

Adjustments are changes made to a patient's account that do not involve the actual payment of funds but rather the modification of the account balance due to various reasons, such as returned checks due to insufficient funds.

Question 8

A practice sends a patient a bill that lists the amounts they must pay for the services they received. This is an example of which one of the following choices?

Accepted Answer

Charges are the amounts billed to the patient for the services they received, which is what is described in the scenario.

Question 9

Where are patient encounter/charge transactions entered in Medisoft?

Accepted Answer

Patient encounter/charge transactions are entered in Medisoft through the Transaction Entry dialog box. This is where services provided to patients are recorded, including details about each service, such as the date, charge, and provider.

Question 10

Which of the following documents is needed by the practice in order to enter charge transactions?

Accepted Answer

The patient's encounter form is needed by the practice to enter charge transactions as it typically includes the services provided, diagnoses, and codes necessary for billing.

Question 11

Which of the following is the main section of the Transaction Entry dialog box?

Accepted Answer

All of these sections are integral parts of the Transaction Entry dialog box in various medical billing or healthcare management software systems, contributing to comprehensive transaction management.

Question 12

Read the following choices. Which one represents the correct work flow after a patient encounter has taken place?

Accepted Answer

The correct workflow after a patient encounter typically involves entering the charge transactions first, then checking these transactions for accuracy, saving the transaction data, and finally printing a walkout receipt for the patient. This sequence ensures that any charges are accurately recorded and verified before the patient leaves, and that the financial records are updated accordingly.

Question 13

What is the correct procedure if it is determined that incorrect data have been entered for a charge transaction in Medisoft?

Accepted Answer

The correct procedure when incorrect data have been entered for a charge transaction in Medisoft is to edit the data first, then save the changes. This ensures that the correct information is stored without having to reenter the data from the beginning or delete it.

Question 14

What type of information does the Patient/Account Information section of the Transaction Entry dialog box contain?

Accepted Answer

The Patient/Account Information section of the Transaction Entry dialog box contains all of the mentioned types of information: details about the patient's insurance coverage, personal information about the patient, and information regarding the patient's account.

Question 15

Which of the following would be entered in the Payment/Adjustment Transactions section of the Transaction Entry dialog box?

Accepted Answer

The Payment/Adjustment Transactions section of the Transaction Entry dialog box is specifically designed for recording transactions related to payments and adjustments, such as patient payments. Information about the patient's insurance coverage is typically entered in a different section related to insurance details, and charge transactions are recorded in a section dedicated to documenting services provided and their associated charges.

Question 16

When looking at the Transaction Entry dialog box, in what section does the Patient/Account Information appear?

Accepted Answer

The Patient/Account Information appears in the top third of the Transaction Entry dialog box.

Question 17

What critical information should appear in the Patient/Account Information section of the Transaction Entry dialog box?

Accepted Answer

The Patient/Account Information section of the Transaction Entry dialog box should include both the case number and chart number to accurately identify the patient and their specific case or visit. This information is crucial for billing and medical records.

Question 18

If the correct patient is highlighted in the Chart drop-down list, pressing what button selects the patient and closes the drop-down list?

Accepted Answer

Pressing the Tab button selects the highlighted option in a drop-down list and moves to the next element in the form, effectively closing the drop-down list.

Question 19

____________ and descriptions for the patient are displayed in the drop-down list in the Case box of the Patient/Account Information section of the Transaction Entry dialog box.

Accepted Answer

Case numbers and descriptions are displayed in the drop-down list in the Case box of the Patient/Account Information section of the Transaction Entry dialog box to help identify different cases for a patient.

Question 20

What section of the Transaction Entry dialog box displays account aging information for the patient and the insurance carrier?

Accepted Answer

The Aging, Copay, and Deductible Information section of the Transaction Entry dialog box is specifically designed to display account aging information for both the patient and the insurance carrier, along with details about copays and deductibles.

Quiz 5: Entering Charge Transactions and Patient Payments