Chapter 4: Accounts Receivable Aging Report

Question 1

Medical billing reports are an important tool for?

Answer 1

Managing the financial side of a practice.

Question 2

There are wide variety of reports available generating what?

Answer 2

An Accounts Receivable Aging Report.

Question 3

What does an Accounts Receivable Aging Report do?

Answer 3

Provide a vital information about payments past due from patients.

Question 4

Is Account Receivable Aging Report one of the most important reports for the practice?

Answer 4

Yes.

Question 5

The use of the report to determine what?

Answer 5

Which payments from patients are past due.

Question 6

A claim cycle typically advances through?

Answer 6

Aging periods (30, 60, 90, 120 days)

Question 7

The Accounts Receivable Aging Report considers an account as past due or delinquent if?

Answer 7

The patient hasn’t paid the balance or requested a payment plan within 120 days.

Question 8

What does the provider do when a patient’s account is past due?

Answer 8

May send a letter to follow-up on the collection of the account.

Question 9

Why should antagonistic words such as “neglected, ignored or failed” should be avoifrf in a collection letter?

Answer 9

Antagonistic comments would make the patient angry and uncooperative.

Question 10

What word should be used instead of antagonistic words?

Answer 10

“Missed, Overlooked or Forgotten”