In medical billing, which category represents money owed by patients after insurance has paid?

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Multiple Choice

In medical billing, which category represents money owed by patients after insurance has paid?

Explanation:
The money owed by patients after insurance has paid is accounted for as accounts receivable. In medical billing, after the insurer pays its portion, the patient’s remaining balance—such as deductibles, coinsurance, and copays—still needs to be collected. That outstanding amount is an asset on the practice’s books until it’s paid, which is the essence of accounts receivable. This is different from amounts the practice owes to others (accounts payable), income from services (revenue), or the costs of running the practice (expenses).

The money owed by patients after insurance has paid is accounted for as accounts receivable. In medical billing, after the insurer pays its portion, the patient’s remaining balance—such as deductibles, coinsurance, and copays—still needs to be collected. That outstanding amount is an asset on the practice’s books until it’s paid, which is the essence of accounts receivable. This is different from amounts the practice owes to others (accounts payable), income from services (revenue), or the costs of running the practice (expenses).

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