Final answer:
Without specific data, the claim that 52% of monies due from patients will turn into bad debt or collections if not collected at the time of service cannot be verified as true or false.
Step-by-step explanation:
The statement that an average of 52% of all monies due from patients (PTs) will go to bad debt or collections if not collected at the time of service cannot be verified as true or false without specific data or a source to back up this particular statistic.
The percentage of receivables that turn into bad debt will depend on numerous variables including the healthcare provider's billing practices, the demographics of the patient population, and their internal collection procedures.
The given statement is false. The average of 52% of all monies due from PTs going to bad debt or collections if not collected at the time of service implies that majority of the money is not collected at the time of service, resulting in bad debt or collections.
However, the statement does not provide any information about the percentage of money that is collected at the time of service. Therefore, it cannot be concluded that 52% of the monies due will go to bad debt or collections