Fordneys Medical Insurance and Billing 16th Edition Smith Test Bank

EXAM ELABORATIONS Aug 29, 2025
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Fordneys Medical Insurance and Billing 16th Edition Smith Test Bank

Chapter 01: Role of an Insurance Billing Specialist

Smith: Fordney’s Medical Insurance and Billing, 16th Edition

MULTIPLE CHOICE

1. The primary goal of an insurance billing specialist is:

  • to manage the health care organization’s billing office
  • to ensure the cash flow of a health care organization through revenue cycle
  • management

  • to send bills to patients for services they receive
  • to post payments received from patients and insurance carriers
  • ANS: B DIF: Moderate OBJ: 2

2. Facility billing includes charging for medical services provided by:

  • physicians
  • laboratory services
  • ambulance services
  • ambulatory surgical centers
  • ANS: D DIF: Easy OBJ: 2

  • A claims assistance professional
  • works for the consumer.
  • works for the health care organization.
  • works for an insurance company.
  • works for the federal government.
  • ANS: A DIF: Easy OBJ: 2

  • What is “cash flow” in a medical practice?
  • The actual money available to a medical practice
  • The amount of money received by a medical practice in 1 day
  • The amount of money received by a medical practice in 1 month
  • The amount of outstanding money on the accounts receivable
  • ANS: A DIF: Moderate OBJ: 2

  • Which level of education is generally required for one who seeks employment as an insurance
  • coder?

  • College diploma
  • High school diploma
  • Completion of an accredited program for coding certification
  • No specific level of education is required
  • ANS: C DIF: Easy OBJ: 4

  • The amount of money an insurance billing specialist earns is dependent on which of the
  • following factors?

  • Knowledge
  • Experience 1 / 4
  • Size of employing institution
  • All are correct
  • ANS: D DIF: Moderate OBJ: 5

  • A self-employed medical insurance biller who does independent contracting is responsible for
  • advertising.
  • billing.
  • accounting.
  • All are correct.
  • ANS: D DIF: Hard OBJ: 2

  • Medical etiquette refers to
  • consideration for others.
  • moral principles or practices.
  • laws.
  • the Oath of Hippocrates.
  • ANS: A DIF: Moderate OBJ: 9

  • The process of shortening words and using abbreviations that do not follow standard
  • grammar, spelling and punctuation when writing electronic mail communications is referred

to as:

  • emoticons
  • abbreviations
  • text speak
  • short text
  • ANS: C DIF: Easy OBJ: 9

  • Professional ethics include
  • state laws.
  • federal laws.
  • standards of conduct.
  • civil torts.
  • ANS: C DIF: Moderate OBJ: 9

  • The earliest written code of ethical principles for the medical profession is the
  • Oath of Hippocrates.
  • Socratic oath.
  • Code of Hammurabi.
  • Medicolegal oath.
  • ANS: C DIF: Easy OBJ: 9

  • What is the name of the modern code of ethics that the American Medical Association (AMA)
  • adopted in 1980?

  • The Modern Standards of Conduct Code
  • The Principles of Medical Ethics
  • The Oath of Hippocrates
  • The American Medical Association Code of Ethics 2 / 4

ANS: B DIF: Easy OBJ: 9

  • Reporting incorrect information to government-funded programs is
  • unethical.
  • illegal.
  • abuse.
  • fraud.
  • ANS: B DIF: Moderate OBJ: 9

  • The doctrine stating that physicians are legally responsible for both their own conduct and that
  • of their employees is known as

  • respondeat superior.
  • let the master answer.
  • vicarious liability.
  • All are correct.
  • ANS: D DIF: Hard OBJ: 10

  • What is the independent contractor’s liability if they operate their own medical insurance
  • billing company?

  • None. The professional liability insurance of the company they contract with will
  • cover them.

  • The independent contractor is liable and should purchase errors and omissions
  • insurance.ANS: B DIF: Moderate OBJ: 10

COMPLETION

  • is the total income produced by a health care organization.

ANS: Revenue

DIF: Moderate OBJ: 1

  • An individual health care provider’s patient charts which includes notes and information

collected by them is referred to as the:

ANS: Medical record

DIF: Moderate OBJ: 3

  • Information collected from clinicians in all health care organizations who are involved in a
  • patient’s care which is made available to all authorized clinicians to access when providing

patient care is the:

ANS: Health record

DIF: Moderate OBJ: 3 3 / 4

  • Charging for services done in hospitals, acute care hospitals, skilled nursing or long-term care
  • facilities, rehabilitation centers, or ambulatory surgical centers is known as billing.

ANS: facility

DIF: Moderate OBJ: 2

  • Charging for services performed by physicians, nurse practitioners, licensed clinical social
  • workers and physical therapists is known as billing.

ANS: professional

DIF: Moderate OBJ: 2

  • Individuals who are employed by an insurance carrier and whose role is to analyze and
  • process incoming claims, checking them for validity and determining if the services were reasonable and necessary are referred to as .

ANS: claims examiners

DIF: Moderate OBJ: 3

  • Individuals who work for consumers and help patients organize, file and negotiate health
  • insurance claims.

ANS: Claims assistance professionals

DIF: Easy OBJ: 3

  • Patients who do not have any medical insurance and are liable for the entire bill are referred to
  • as patients.

ANS: self-pay

DIF: Easy OBJ: 3

  • Transmitting, receiving, storing, and forwarding of text, voice messages, attachments, or
  • images by computer from one person to another is referred to as mail.

ANS: electronic

DIF: Moderate OBJ: 3

  • Standards of conduct by which an insurance billing specialist determines the propriety of his
  • or her behavior in a relationship are known as medical .

ANS: ethics

DIF: Moderate OBJ: 9

  • The Greek physician known as the Father of Medicine devised the .
  • / 4

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Category: EXAM ELABORATIONS
Added: Aug 29, 2025
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Fordneys Medical Insurance and Billing 16th Edition Smith Test Bank Chapter 01: Role of an Insurance Billing Specialist Smith: Fordney’s Medical Insurance and Billing, 16th Edition MULTIPLE CHOIC...

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