Insurance Claim Collections
Accounts Receivable and Age Analysis by Aging Report
Accounts are usually aged in time periods of 30, 60, 90, and 120 days and older. Formula for finding out the A/R ratio. Accounts that are 90 days or older should not exceed 15% to 18% of the total A/R. To calculate this figure, divide the total amount of A/R by the amount of account that are 90 days and older (example 1). NOTE: Practice management systems should calculate this automatically. Example 1
|
Resources |