What term refers to amounts paid on patient accounts?

Study for the QTS Literacy Test. Prepare with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

The term that refers to amounts paid on patient accounts is best represented by "receipts." A receipt is a document that acknowledges the payment made by a patient for services rendered, confirming the transaction took place. It provides a record for both the patient and the provider and typically includes details such as the date of payment, amount paid, and often a description of the services.

Invoices, on the other hand, request payment for services provided and indicate how much is owed rather than acknowledging a payment made. Debits refer to a reduction in funds or expenses in accounting terms and do not specifically indicate payments made. Statements typically summarize all transactions over a period, showing both payments and outstanding balances, but do not specifically denote amounts just paid. Therefore, "receipts" is the most accurate term for amounts paid on patient accounts.

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