Asked by Kelley O'Hora on May 12, 2024
Verified
Type of billing commonly used in large medical practices
A) patient account statements
B) outsourcing
C) monthly billing
D) cycle billing
E) practice management (PM) software system
F) electronic medical record (EMR) system
G) account history
H) alpha search
I) patient payments
J) aging of accounts
Cycle Billing
A billing process where customers are assigned to groups, and invoices are sent out to each group at different times throughout the month.
Large Medical Practices
Medical organizations or groups with a significant number of healthcare professionals providing a wide range of medical services.
- Acquire insight into how software facilitates efficient account searching within practice management.
- Comprehend the function and constraints of outsourced billing services in managing statements.
Verified Answer
ZK
Zybrea KnightMay 14, 2024
Final Answer :
D
Explanation :
Cycle billing is a type of billing process often used in large medical practices where patients are divided into groups, and each group is billed at a different time of the month. This helps in managing the billing process more efficiently and ensures a steady cash flow throughout the month.
Learning Objectives
- Acquire insight into how software facilitates efficient account searching within practice management.
- Comprehend the function and constraints of outsourced billing services in managing statements.