Collection in Medical Billing
Collection in medical billing refers to the process of recovering unpaid balances from patients or insurance companies after services have been rendered.
Collection in Medical Billing Explained
In medical billing, collections occur when a healthcare provider tries to recover unpaid balances from patients or insurance companies. This often involves contacting patients about outstanding bills or working with collection agencies to retrieve overdue payments. Effective collections are critical to maintaining cash flow for healthcare providers.
For example, a billing office might send overdue patient accounts to a collection agency after repeated attempts to collect payments have failed.
See common acronyms and abbreviations in Medical billing glossary.
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