Cash Flow Check-Up Quiz Cash Flow Check-Up Quiz This quiz will help you assess your practice's cash flow management. Please answer the following questions to identify areas of strength and opportunities for improvement 1. How many days does it typically take to receive payment after billing? (Average Days in A/R) 46 to 60 days Less than 30 days 30 to 45 days More than 60 days 2. How frequently do you review the aging report of your accounts receivable? Monthly Weekly Quarterly Rarely 3. What is the success rate of your claims being paid on the first submission? Less than 50% Over 90% 50% to 74% 75% to 89% 4. How do you manage payment reminders for overdue accounts? Inconsistently Regularly Not at all Unsure 5. After providing services, how soon do you bill your clients? Longer than 1 month Within 24 hours Within 1 week Within 1 month 6. What policy do you follow for handling unpaid accounts? Immediate follow-up Follow-up after 30 days Follow-up after 60 days No specific policy 7. Which payment options do you provide to your patients? Payment at point of service only Several options (credit card, online, payment plans) Limited options Only one payment method 8. How frequently do you encounter billing errors leading to denied claims? Frequently Rarely Occasionally Very frequently Submit
