Which Practice Should the Medical Office Avoid When Accepting Checks

question 28

Multiple Choice

Which practice should the medical office avoid when accepting checks from patients?

• A) Comparing the signature on a check to the signature on a valid ID
• B) Asking for identification from patients who are not known to the office
• C) Accepting the patient's paycheck after the patient has endorsed it to the office
• D) Making sure that the date on the check corresponds to the date of the visit

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Definitions:

Financing Statement

A document filed to give public notice to third parties of a secured party's interest in the collateral offered by a debtor.

Perfect

To complete or make flawless; in legal terms, it often refers to making a claim or security interest legally valid or enforceable.

Insuring

The act of providing or arranging insurance as protection against a possible eventuality.

Collateral

An asset that a borrower offers to a lender as security for a loan, which can be seized if the borrower fails to repay the loan.