ReimbursementQuestion 77 of 100
The 'aging' of accounts receivable in a medical practice refers to:
a.The age of the patients being treated
b.How long a provider has been in practice
c.Categorizing outstanding balances by how long they have been unpaid, such as 30, 60, or 90 days
d.The retention period for medical records
Explanation
An accounts receivable aging report sorts unpaid balances into time buckets, such as current, 31 to 60 days, and over 90 days, to reveal collection performance. Older balances are less likely to be collected, so timely follow-up is essential. Monitoring the aging report guides collection priorities and cash-flow management.
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