Managing patient receivables: a technical note.
This paper focuses on the patient receivables of the hospital and employs a Markov process to estimate the timing of cash receipts, the magnitude of cash receipts, and losses that are attributable to bad debts, courtesy discounts, and the provision of charity care. Further, the usefulness of the model in the day-to-day management of patient receivables is also explored.
D000066:Accounting; D000067:Accounts Payable and Receivable; D005376:Financial Management; D005377:Financial Management, Hospital; D008390:Markov Chains; D010350:Patient Credit and Collection