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Show Me the Money: Improving Accounts Receivable Management Presented by: Debora Sullivan, MBA, PTO you know how much money your clinic is owed from patients and third party payers (TPP) for services
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What is receivable management?
Receivable management is the process of managing and monitoring the money owed to a company by its customers.
Who is required to file receivable management?
Any business or organization that sells goods or services on credit terms is required to file receivable management.
How to fill out receivable management?
Receivable management is typically filled out by recording all outstanding invoices, payments, and customer account information.
What is the purpose of receivable management?
The purpose of receivable management is to ensure timely collection of outstanding payments and maintain cash flow.
What information must be reported on receivable management?
Information such as customer name, invoice number, amount owed, payment terms, and payment due dates must be reported on receivable management.
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