BillingA/R

Accounts Receivable (A/R)

The total amount of money owed to a practice for services rendered but not yet collected from patients or insurance payers.

In Detail

A/R is a critical financial metric for PT practices. High A/R days (typically >45) indicate slow collections and potential cash flow problems. PRACTIS automates claim follow-up and denial management to reduce A/R days by an average of 38%, helping practices maintain healthy cash flow. Effective A/R management involves tracking aging buckets (0-30, 31-60, 61-90, 90+ days) and prioritizing high-value claims for follow-up.

Related Search Terms

PT accounts receivablephysical therapy A/R managementreduce A/R days

Related Terms

Clean Claim Rate

The percentage of claims submitted that are accepted by the payer on the first submission without errors or additional information required.

Denial Management

The systematic process of identifying, analyzing, and resolving denied insurance claims to recover lost revenue.

Revenue Cycle Management (RCM)

RCM

The end-to-end financial process of managing claims, payments, and revenue generation from patient registration through final payment collection.

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