An accounts receivable policy ____.A) collects payments for a physician who has a large number of patients who do not pay their billsB) protects patients from being sued by the physician for failure to payC) decreases the physician's overall cash flowD) ensures that the practice will have sufficient income to cover expected expensesE) ensures that patients will have sufficient funds to pay for services

Question

An accounts receivable policy ____.A)  collects payments for a physician who has a large number of patients who do not pay their billsB)  protects patients from being sued by the physician for failure to payC)  decreases the physician's overall cash flowD)  ensures that the practice will have sufficient income to cover expected expensesE)  ensures that patients will have sufficient funds to pay for services

Arbin Moreira · Accepted Answer

Final Answer : D, Explanation :  An accounts receivable policy is designed to manage the billing and collection processes efficiently, ensuring that the practice has a steady flow of income to cover its operational expenses.

Definitions

Learning Objectives

Learning Objectives

Related questions