What does the insurance billing specialist need to monitor to be able to evaluate the effectiveness of the collection process?

Question

Quizplus · Accepted Answer

The insurance billing specialist needs to monitor accounts receivable to evaluate the effectiveness of the collection process. Accounts receivable are the outstanding payments that are owed to the healthcare provider. By monitoring this, the specialist can see how much money is owed and whether the collection process is effective in collecting these payments. The other options, such as number of statements sent and number of claims processed, may be important metrics to track but they do not directly measure the effectiveness of the collection process. Accounts payable is unrelated to evaluating the effectiveness of the collection process.

What Does the Insurance Billing Specialist Need to Monitor to Be