Accounts Receivable are monies due for services or goods provided to an individual.
As stated in Pearson's Medical Assisting in Chapter 18, page 407, the seven step billing cycle begins with a) the patient receiving service, and g) ending when payments due from the patient and insurance payers are received and credited to the patient/s account/s. These steps include the b) the patient's co-pay, and the deductible and/or co-insurance if applicable. c) the provider then bills insurance; d) office receives insurance payment ; e) office bills patient, or not, depending on whether the provider has a contract with payer or not. f) if applicable, patient makes payment for the difference of the cost and the allowable rate from the payer, exclusive
As stated in Pearson's Medical Assisting in Chapter 18, page 407, the seven step billing cycle begins with a) the patient receiving service, and g) ending when payments due from the patient and insurance payers are received and credited to the patient/s account/s. These steps include the b) the patient's co-pay, and the deductible and/or co-insurance if applicable. c) the provider then bills insurance; d) office receives insurance payment ; e) office bills patient, or not, depending on whether the provider has a contract with payer or not. f) if applicable, patient makes payment for the difference of the cost and the allowable rate from the payer, exclusive