Accounts Receivable in Medical Billing
Accounts receivable (A/R) in medical billing refers to the outstanding amounts due to healthcare providers for services that have been billed but not yet paid.
Accounts Receivable in Medical Billing Explained
A/R represents the total amount of money owed to a healthcare provider by insurance companies or patients. Monitoring A/R helps providers ensure timely payments, reduce outstanding balances, and manage cash flow more effectively.
For example, a healthcare provider keeps track of its accounts receivable to know how much money it expects to receive from insurance claims and patient payments.
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