Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

As revenue cycle manager, you oversee the all revenue processes. You just received the report that follows. Pine Valley Community Hospital A/R Report March

As revenue cycle manager, you oversee the all revenue processes. You just received the report that follows. Pine Valley Community Hospital A/R Report March 31, 2015 Days Outstanding Account Patient Number Name Current 30-60 61-90 91-120 121-150 151-180 +180 Total 0013424 Jones $58.75 $212.15 $270.90 0054261 Williams $678.50 $6,351.12 $7,029.62 0023789 Matthews $478.65 $478.65 0052113 Colson $1,425.97 $1,425.97 0016732 Smith $653.26 $653.26 0044304 Reynolds $7,369.82 0022115 Foster $682.15 $11,659.72 0038458 Bell $5,364.66 0030071 Brown 0021631 Miller $4,652.31 0019578 Lockwood $115.80 $713.48 0029824 Johnson $112.53 0043754 Carson $12,865.40 0052111 Davis $7,369.82 $12,341.87 $5,364.66 $8,416.65 $8,416.65 $4,652.31 $829.28 $112.53 $12,865.40 $311.52 $311.52 0018423 Lawson $8,789.65 $8,789.65 Answer Totals Percentage 33.29% 24.76% 18.45% 1.93% 23.50% $23,610.15 $17,558.07 $13,085.69 $1,366.74 $523.67 $8,416.65 $6,351.12 $70,912.09 0.74% 11.87% 8.96% 1. Is the patient accounting department meeting the goal of having less than 20 percent of the accounts receivable older than 90 days? 2. Decide what other information may be relevant to capture in this report in order to resolve the outstanding accounts below. Justify inclusion of the proposed information. 3. Should the focus of this report be solely on the oldest accounts? Elaborate on your response.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials of Accounting for Governmental and Not-for-Profit Organizations

Authors: Paul A. Copley

10th Edition

007352705X, 978-0073527055

More Books

Students also viewed these Accounting questions

Question

Recall some characteristics of creative, divergent thinking.

Answered: 1 week ago