TAILIEUCHUNG - Lecture Medical assisting: Administrative and clinical procedures (5e) - Chapter 21: Financial management

The learning objectives for this chapter include: Describe accounts receivable and accounts payable and the common payment methods accepted in medical practices today; identify the different types of documents used as statements to bill patients and how these documents are used in cycle billing; compare open book, written-contract, and single-entry accounts, and purpose of creating an accounts receivable aging;. | 21 Financial Management Learning Outcomes (cont.) Summarize the importance of and how to establish good bookkeeping and banking practices. Compare single-entry, double-entry, and write-it-once bookkeeping systems. Outline patient related financial transactions. Identify negotiable instruments and the items that must be present for a check to be negotiable. Learning Outcomes (cont.) Describe the different types of check endorsements and the steps in creating a bank deposit. Carry out the process of reconciling the office bank statement. List several advantages to electronic banking. Implement setting up, classifying, and recording disbursements in a disbursement journal. Introduction Medical practices require sound financial management Employees must understand financial management procedures Learning Outcomes: Summarize the importance of and how to establish good bookkeeping and banking practices. The Medical Practice as a

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• Medical assisting
• Administrative practices
• Clinical practices
• Medical assisting practice
• Patient billing
• Payment arrangements
• Clinical procedures
• Administrative medical assisting
• Clinical medical assisting
• Medical assisting profession
• Medical assistant credentials
• Responsibilities of the medical assistant
• Medical assisting organizations
• Medical assisting externships
• Externship scenarios
• Assisting in geriatrics
• Geriatric patients
• Medical office
• Accounting for the medical office
• Assisting in pediatrics
• Pediatric patient care
• Medical coding
• Diagnosis codes
• Minor surgery
• Medical asepsis
• Medical specialties
• Nursing careers
• Medical law
• Physician rights
• Externship process
• Expectations of externship candidates
• Insurance terminology
• Managed care plans
• Standard payment procedures
• Accepting payment
• Body organization
• Anatomical terminology
• Integumentary system
• Structure of skin
• Skeletal system
• Bone structure
• Skeletal muscles
• Muscular system
• Cardiovascular system
• Structures of the heart
• respiratory system
• Paranasal sinuses
• Nervous system
• Neuron structure
• Urinary system
• Renal sinus
• Reproductive system
• Male reproductive system
• Female reproductive system