It's obvious that with the economy, accounts receivable management is more challenging. The Credit Research Foundation reports among 583 companies an increase in average days delinquent of 13.7% in the 3rd quarter of 2008. Accounts delinquent after 91 days have increased 17.7%.
For medical practices, the following have been the percentage ranges for outstanding accounts:
1 – 30 days old Over 90 days
FP 67 – 71% 23 – 27%
Pediatrics 68 – 72% 14 – 18%
Orthopedic Surgery 53 – 57% 18 – 22%
Cardiology 61 – 65% 23 – 27%
