Who Is Responsible for Checking the Boxes on the Charge

question 52

Multiple Choice

Who is responsible for checking the boxes on the charge slip for services provided to the patient?

• A) Physician
• B) Office manager
• C) Medical assistant
• D) Whichever staff member is at the desk when the patient is ready to leave

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Definitions:

Percentage-of-Completion

An accounting method typically used in long-term contracts, recognizing revenues and expenses in proportion to the work completed during the period.

Installment

A method of paying for goods or services or the repayment of a loan in parts, typically on a monthly basis, over a period of time.

Cost Recovery

The process of regaining the value of an investment or expense, often through depreciation, amortization, or directly recouping expenses.

Gross Profit

The financial metric that represents the difference between revenue and the cost of goods sold (COGS) before deducting overhead, payroll, taxation, and interest payments.