True or False?

As long as it is not in writing, you can threaten any form of collection

action without following through.

Patient$-$dumping accusations must be considered before releasing a

patient from your practice for nonpayment of charges.

During patient checkout, you may offer the option of delaying payment.

The Truth in Lending Act outlines the lender's responsibilities if five or

more payments are needed to settle a debt.

Patient accounts with payment plans should be reviewed monthly.

Collection schedules should be customized for your practice and

geographic economy.

A dollar collected at the time of service has the same value as one

collected two nonths after the service date.

All bad debt balances should be removed from the accounts receivable

balance when they are determined to be uncollectible.

Bad$-$debt patients' charts should be identified by a notation recognizable

only to practice employees.

The responsible party for a child of divorce is the adult accompanying

the child for treatment.

Workers compensation claims cannot be billed to the patient unless the

claim is ruled nonindustrial.

A proof of claim must be filed in the estate's probate within six months

of a patient's death.

the accounts receivable staff should answer billing questions.

An attorney should periodically review collection policies and letters to

ensure no violations of state regulations or laws occur.

Electronic funds transfers are payments transmitted from the insurance

carrier's financial institution directly into the medical provider's

financial institution account.