An account aging report can be described as:
A)an analysis of the length of time that has elapsed since a charge was made.
B)the length of time since the last payment was made on the account by the patient.
C)the length of time between filing an insurance claim and receipt of payment.
D)the length of time after the insurance payment and receipt of the patient's portion.

Question

Quizplus · Accepted Answer

An account aging report is a document that lists the unpaid balances of all accounts that are overdue, along with the length of time that has elapsed since the charge was made. The report typically categorizes balances into different groups based on how long the payment has been outstanding (e.g. 30 days, 60 days, 90 days, etc.). This information is useful for tracking the financial health of a business or practice, as well as for identifying areas where collection efforts may need to be strengthened.

An Account Aging Report Can Be Described As