A/R in Medical Billing
A/R stands for Accounts Receivable in medical billing, referring to the money owed to healthcare providers for services rendered.
A/R in Medical Billing Explained
In medical billing, A/R represents the outstanding balances that are owed to a provider by insurance companies or patients for services already performed. Effective A/R management is crucial to ensuring steady cash flow and reducing the time between service and payment.
For example, a hospital tracks its A/R to determine how much money it is waiting to receive from submitted insurance claims.
Learn about acronyms and abbreviations in Medical billing glossary.
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