Match Each Term with Its Definition

question 5

Multiple Choice

Match each term with its definition.
-Use of these allows a medical facility or provider's office to submit transactions faster and be paid sooner

• A)bartered goods
• B)claim form
• C)third-party reimbursers
• D)CMS-1500
• E)CMS-1450
• F)Explanation of Benefits (EOB)form
• G)Standard Electronic Data Interchange (EDI)Enrollment form
• H)Remittance Advice form
• I)manual insurance log
• J)signature on file
• K)assignment of benefits clause
• L)Electronic Data Interchange (EDI)transactions
• M)Administrative Simplification Compliance Act (ASCA)
• N)clearinghouse
• O)Electronic Claims Tracking (ECT)systems
• P)credit column
• Q)secondary insurance

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Definitions:

Accounts Receivable

Due amounts from clients to a company pertaining to goods or services delivered but payment not received.

Bad Debts Expense

An estimated expense that reports the cost of accounts receivable that a company does not expect to collect.

Aging

The process of categorizing accounts receivables based on the length of time an invoice has been outstanding to determine their collectability.

Accounts Receivable

An asset account representing money owed to a business by its customers for goods or services delivered on credit.