bad debt

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bad debt

Any bill submitted for payment by a third-party payer or patient which is not paid in full, and unlikely to be paid for various reasons

bad debt

Medical practice Any bill submitted for payment by a third-party payer or Pt, which is not paid in full

bad debt

(bad det)
Unrecoverable debt.

bad debt

a professional fee that is owed but is not recoverable by the normal procedure of submitting three accounts at one month intervals and rendered from the veterinarian's office. A bad debt must be written off as a loss or placed in the hands of a professional debt collector or a solicitor to collect. If bad debts exceed 2% of the gross income the management of the practice should be investigated.
References in periodicals archive ?
Established in 1997, the TRMA is an industry forum designed to bring Telecom Risk Management professionals together to explore cooperative efforts to reduce consumer and small-business uncollectible debt.
The Company's net revenue less provision for uncollectibles ("revenue less provision") in 2001 increased 6.
The change in the reserve for uncollectibles accounts from patients' co-pay or deductibles is reported as a separate line item in the consolidated statements of operations as "Provision for uncollectible accounts," which for the three months ended 11/30/01 is $41,670.
Telco charges for the 1 900 service account for approximately 24%, including withholding charges for uncollectibles of 10%; royalty to E.
The new release offers carriers providing fixed line, wireless, and Internet access services the latest innovations in fraud detection, increasing fraud management efficiency and resulting in reduced uncollectibles from customers and carriers.