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Can you paraphrase and make it easier to read for presentation. Posting payments from patients or insurance companies is part of the accounts receivable process,
Can you paraphrase and make it easier to read for presentation. "Posting payments" from patients or insurance companies is part of the accounts receivable process, not accounts payable. In accounting, "accounts payable" refers to the debts a company owes to its vendors for received goods or services that haven't been paid for yet. Meanwhile, "accounts receivable" involves the money owed to a company, like a healthcare provider, by its customers. When a service is provided to a patient, the patient or their insurance owes money to the provider. This owed amount is reduced when a payment is made and recorded in the provider's accounting system, decreasing the provider's accounts receivable
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