AAHAM CRCS STACK 9
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show | Average days of Revenue in Accounts Receivable
AKA A/R Days outstanding
to calculate:
A/R at a specific time DIVIDED BY average daily revenue = ADRR
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Define Charity Care | show 🗑
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Define Indigent | show 🗑
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show | An uncollectable account, resulting from extension of credit.
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show | public relations policy
charity care requirements
disc policy
practice of charging interest
Contract amt implications
Age when acct is considered uncollectible
determination/verification of responsible party
process for handling errors/complaints
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Chapter 7 Bankruptcy | show 🗑
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show | "Reorganization Bankruptcy". Gives a reprieve from creditor claims while make payments and try to get caught up.
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show | If debtor has 12 or more creditors, 3 of which have claims in excess of $5K each - or at least 1 creditor with more than $10,775, can request involuntary BK.
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Chapter 12 Bankruptcy | show 🗑
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Chapter 13 Bankruptcy | show 🗑
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show | Flag pt acct including chapter, court jurisdiction, legal counsel & phone number.
Suspend all collection activity pending final disposition
Notify any 3rd party collectors and forward notice to them
Notify all parties if pmts are rec'd on the acct
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What do we need to do if we are notified a patient is deceased? | show 🗑
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What does GAAP stand for and define: | show 🗑
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What are the generally accepted accounting principles? | show 🗑
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show | Average Daily Revenue:
Total revenue or charges for the period DIVIDED BY number of days in said period = ADR
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