As revenue cycle manager, you oversee the all revenue processes. You just received the report that...

Transcribed Image Text:

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. 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.