Which report type helps in tracking unpaid bills over time?

Which report type helps in tracking unpaid bills over time?

• A. Service summary report
• B. Account aging report
• C. Denial tracking report
• D. Patient feedback report

Answer: (B)

The account aging report is specifically designed to track unpaid bills over time. This report categorizes accounts receivable based on how long the balances have been outstanding, typically segmented into different time frames such as 30, 60, and 90 days. This categorization allows billing offices to identify which accounts require follow-up and aids in managing the collection of overdue payments. By analyzing this report, billing specialists can prioritize their efforts on accounts that have been unpaid for longer periods, ensuring that timely actions are taken to recover outstanding funds. This focus on aging balances is critical for maintaining the financial health of a practice, as it directly impacts cash flow and revenue cycle management. In contrast, while other report types serve valuable purposes—like assessing services rendered, tracking denied claims, or gathering patient satisfaction data—they do not specifically focus on monitoring the status of unpaid bills over time in the same systematic manner as the account aging report.

The account aging report is specifically designed to track unpaid bills over time. This report categorizes accounts receivable based on how long the balances have been outstanding, typically segmented into different time frames such as 30, 60, and 90 days. This categorization allows billing offices to identify which accounts require follow-up and aids in managing the collection of overdue payments.

By analyzing this report, billing specialists can prioritize their efforts on accounts that have been unpaid for longer periods, ensuring that timely actions are taken to recover outstanding funds. This focus on aging balances is critical for maintaining the financial health of a practice, as it directly impacts cash flow and revenue cycle management.

In contrast, while other report types serve valuable purposes—like assessing services rendered, tracking denied claims, or gathering patient satisfaction data—they do not specifically focus on monitoring the status of unpaid bills over time in the same systematic manner as the account aging report.