Medical receivables are the amounts owed by third-party payers to healthcare providers. The party owing the money can be commercial insurance companies, HMOs, Medicare and Medicaid, or patients (if there is an outstanding balance after insurance or another payer has paid its portion). Medical receivables are usually payable 60 to 120 days after service is rendered, though some reimbursements lag further behind, creating cash flow issues for healthcare providers, who typically need to pay expenses in a shorter time frame.
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Feds to Increase Reward to Medicare Fraud Tipsters to $9.9 Million
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What Happened to the IRS 240-Day Ban on Hospital Bill Collections?
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Healthcare Digest 4/29: Infographic Hopes to Explain Healthcare Reform
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Oklahoma Governor Signs Medical Debt Collection Bill
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