CPB (Certified Professional Biller) Certification Practice Exam

What is the purpose of "Accounts Receivable Management" in medical billing?

1. Process that a healthcare facility undergoes

2. Voluntary process that a healthcare facility undergoes

3. Assists providers in the collection of appropriate reimbursement

4. Document that acknowledges patient responsibility for payment

The correct answer is: Assists providers in the collection of appropriate reimbursement

Accounts Receivable Management in medical billing serves the purpose of assisting providers in the collection of appropriate reimbursement. This process involves tracking and managing the outstanding balances owed to the healthcare facility by patients and insurance companies. By actively managing accounts receivable, providers can ensure timely and accurate payment for the services they have rendered. This is crucial for maintaining the financial health of the healthcare facility and ensuring a steady flow of revenue.