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True or False
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1
In a medical practice, accounts receivable describes the money the medical practice must pay out to run the practice.
A)True
B)False
2
The fee schedule shows the charges for service provided by the practice.
A)True
B)False
3
A customary fee is the fee a doctor charges for a service or procedure.
A)True
B)False
4
Encourage patients to pay by credit card.
A)True
B)False
5
It is becoming more common that medical practices do not accept any insurance.
A)True
B)False
6
With cycle billing, you send invoices to a group of patients every few days.
A)True
B)False
7
Once an agency has taken over an unpaid account, there should be no more correspondence on this matter between the physician's office and the patient.
A)True
B)False
8
A physician would never extend credit to a patient who is unable to pay because of high medical bills.
A)True
B)False
9
Free treatment for hardship cases is at the physician's discretion.
A)True
B)False
10
Collecting payment from patients at each office visit brings income into the practice faster, and it saves the cost of preparing and mailing bills and collecting on past-due accounts.
A)True
B)False





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