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The Overall Success of This Department Is Predicated on Both

question 6

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The overall success of this department is predicated on both the accuracy of the charge description master and the clinical staff who are recording the transactions.


Definitions:

Cash Account Balance

The amount of money available in a company’s or individual's cash account at a given time.

Cash Receipts

Money received by a business during a given period, including cash sales, received payments on accounts receivable, and other cash inflows.

Cash Payments

Payments made in the form of currency or check to settle a transaction or account.

Ledger

A comprehensive collection of a company's financial accounts where journal entries are summarized and recorded.

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