Days in Accounts Receivable Worksheet for Medical Practices
Here's an Excel-based tool to help you better understand how long it is taking for claims to be paid at your medical practice.
Knowing your medical practices days in accounts receivable (A/R) is critical information and simple to calculate. Here's a spreadsheet you can use to start filling in your monthly charges and your monthly A/R. This will help you understand how long it is taking for your claims to be paid.
For more information, see P.J. Cloud-Moulds' blog "Anticipating and Planning the Finances of Your Medical Practice."
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