Charges Are Posted to a Patient Account from Information Found

question 69

True/False

Charges are posted to a patient account from information found on the Explanation of Benefits (EOB).

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Definitions:

Petty Cash Fund

A small amount of cash on hand used for paying minor expenses.

Cash Over and Short

An account used to record the discrepancies between the expected and actual amount of cash, reflecting either excess (over) or deficiency (short).

Petty Cash Fund

A small amount of cash kept on hand used for paying minor expenses, managed through an imprest system to simplify tracking of petty transactions.

Cash Account

An account that records all transactions involving cash inflows and outflows.