How to use the Aging Balance Report?

Purpose: 
To monitor and manage outstanding patient account balances by tracking how long payments have been overdue, enabling targeted collections efforts.

Scope: 
This financial report provides:

• Aging categorization of unpaid balances: 
  • 0-30 days 
  • 31-60 days 
  • 61-90 days 
  • 90+ days
• Filtering capabilities: 
  • By specific insurance providers 
  • By individual patients 
  • By balance amount

Procedure:

1. Navigate to Reports > Financial > Aging Balance
2. Apply filters as needed:
   1. Select insurance provider(s)
   2. Choose specific patient(s)
3. Review the aged balances:
   1. Identify delinquent accounts
   2. Prioritize collection efforts
4. Export for collections workflow

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The Aging Balance report is used to track outstanding balances on patient accounts. These balances are sorted by 1 month up to 4 months. The report can be filtered by specific insurances and patients.