AR in Medical Billing
AR stands for Accounts Receivable, which refers to the money owed to a healthcare provider for services already rendered but not yet paid.
AR in Medical Billing Explained
Accounts receivable (AR) is a critical aspect of revenue cycle management in medical billing. It includes all outstanding amounts that are awaiting payment from insurance companies, patients, or other payers. Effective AR management ensures that healthcare providers maintain positive cash flow and receive timely payments.
For example, a healthcare provider tracks their AR to follow up on unpaid claims that have been pending for more than 30 days.
Find common acronyms and abbreviations in Medical billing glossary.
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