CPB Certified Professional Biller Certification Practice Exam

What information does an Accounts Receivable Aging Report provide?

1. The total profit of the organization

2. The status of outstanding claims from each payer

3. The number of patients treated

4. The cost of services provided to patients

The correct answer is: The status of outstanding claims from each payer

The Accounts Receivable Aging Report is an essential tool in medical billing and financial management. It provides a detailed overview of outstanding claims by categorizing them based on the length of time they have been unpaid. This means that it reflects the status of outstanding claims from various payers, allowing billers and financial managers to track which bills are overdue and how long they have been pending. This information is critical for managing cash flow and ensures timely follow-up on outstanding payments. The other options do not accurately depict the purpose of the Aging Report. For example, it does not calculate total profit, detail the number of patients treated, or provide the cost of services rendered. Instead, it specifically focuses on tracking receivables by payer, thereby playing a vital role in the financial health of healthcare organizations.