| Searching Current Courses For Fall 2016 |
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Course: |
MOT 120
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Title: | Medical Office Financial Mgmt |
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Long Title: | Medical Office Financial Management |
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Course Description: | Covers the practical uses of accounts and records with emphasis on accounting principles and analysis for use in a medical office. |
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Min Credit: | 3 |
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Max Credit: | |
STANDARD COMPETENCIES:
I. Name the different types of checking accounts, describe various methods of paying bills, name several types of checks, explain the difference between the types of endorse. (I)
II. Explain the three main bookkeeping systems and procedures for each, determine ledger card components and posting, discover daily record sheet entries, determine monthly accounts receivable figures, describe accounts payable entries, and explain petty cash records.
III. Determine components of financial reports and explain how they are used to successfully manage the financial health of the medical practice. (III)
IV. Define payroll terminology, obtain payroll information, describe how to obtain a tax identification number, name the deductions taken in preparing payroll, identify tax reports and forms used in payroll, and state the components of an employee`s earnings record and payroll register. (IV)
V. Input and process data, retrieve patient accounts, post procedure codes and diagnosis codes, run the daily report, explain the process of posting accounts, modify or correct an account, schedule and cancel appointments, print reports from support files, back up the daily data files, describe the purpose and value of a variety of software functions, post patient charges and payments, produce a patient receipt, complete insurance claim forms, prepare the daily deposit slip, age accounts receivable and compile a variety of reports. (V)
TOPICAL OUTLINE:
I. BANKING
II. ACCOUNTING AND BOOKKEEPING SYSTEMS
A. Ledger Cards
B. Daily Record Sheet
C. Account Receivable Control
D. Accounts Payable
E. Cash Funds
III. FINANCIAL MANAGEMENT
A. Financial Status Reports
B. Practice Management Reports
IV. PAYROLL
V. MEDICAL OFFICE MANAGEMENT SOFTWARE PROGRAM
A. Support File
B. Adding patients
C. Posting charges
D. Posting payments
E. Insurance claims and billing
F. Reports
G. Comprehensive Exercise
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Front Range Community College |
FRCC |
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Pueblo Community College |
PCC |
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Pikes Peak State College |
PPCC |
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Red Rocks Community College |
RRCC |
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Trinidad State College |
TSJC |
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