The point of a medical office is to help people, but it is a business that needs to generate money to stay open.
For this assignment, please include the following:
Essay Due Soon? Let Our Experts Help You Beat the Deadline!
Tell us about your assignment and we will find the best writer for your paper. Our Essay writing service covers over 243 courses and programs, catering to your specific needs.
Write My Essay For Me!â?¢Identify the difference between billable revenue and collections.
â?¢Consider how a medical office might be helped or hindered by a disparity between receivables and collections.
â?¢Give an example of how a medical office should go about collecting bills that are 60 days past due.
â?¢List the advantages and disadvantages of using computerized banking for a medical office.
â?¢State whether standard banking (for example, physically taking checks to a bank) is better then computerized banking, and explain your answer.
© BrainMass Inc. brainmass.com March 21, 2019, 9:20 pm ad1c9bdddf
https://brainmass.com/health-sciences/health-care-ethics/371440
Solution Preview
Billable revenue is the money received by the medical office from patients who have received medical services or medical care. Collections is the moeny that has not been received due to patient’s inability to pay.
If there is a disparity between collecions and receivables this can hinder medical offices. Billable revenue can hurt medical offices if it has be turned to collections because sometimes the patient who owes the money may never pay the amount for services he/she underwent at the medical office. A disparity between receivables and collections would also likely lead to an inaccurate calculation of current assets on a financial statement or current dtermination of what is needed to billed for a patient.
In order for a medical office to collect bills that are 60 days past due employees should take the following steps:
Call the patient to let him/her know that he/she has not paid for a specific …
Can You Do My Homework for Me?
YES, ⚡ Experience the brilliance of our essay writers from the US, UK, Canada, or Australia by entrusting us with your next essay.
NursingEssayHub.com is a distinguished ONLINE ESSAY WRITING AGENCY that specializes in offering expert writing help and assistance to students across all academic levels. With a team of highly skilled writers and editors boasting years of academic writing experience, we are fully equipped to guide you throughout the entire process, from selecting the perfect topic for your paper to completing a thorough literature review and delivering a well-formatted final draft.
ORDER A SIMILAR ESSAY WRITTEN FROM SCRATCH at : https://nursingessayhub.com/
