Question

the average number of days between the discharge date and the receipt of payment for services rendered is identified as

Answer 1

The average number of days between the discharge date and the receipt of payment for services rendered is identified as the accounts receivable days.

Step-by-step explanation:

Accounts receivable days, also known as days sales outstanding (DSO) or average collection period, measure the average time it takes for a business to collect payment after providing goods or services. In the context of healthcare or service industries, it specifically reflects the average number of days between the discharge date (completion of services) and the receipt of payment.

A lower accounts receivable days value indicates a more efficient and timely collection process, while a higher value suggests delayed payments. Monitoring accounts receivable days is crucial for managing cash flow and assessing the effectiveness of the revenue cycle.

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Complete Question

the average number of days between the discharge date and the receipt of payment for services rendered is identified as ___________ .

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