Collections Accounts Receivable

Description: Accounts receivable is the amount of money owed to the practice by insurance companies &/or patients and collected after the service is provided. Two key areas of AR that are critical for the practice to address is the amount and “age” of money due, and the amount of accounts receivable being managed. Accounts receivable is a reactive approach to collections that comes in the form of Outstanding Insurance Claims, the owned “patient portion” payment, or managed “Written Financial Arrangement” payment plans.
Upon completion of this course the learner will:
  • Learn the system of Accounts Receivable.
  • Learn the benchmarks of healthy Accounts Receivable:
    • Assignment.
    • Non Assignment.
  • Be able to implement effective systems to manage Account Receivables.
  • Understand and be able to apply the 3 Phases of Collections.