Also found in: Dictionary, Thesaurus, Legal, Financial, Encyclopedia, Wikipedia.
Related to bad debt: Bad Debt Expense, Bad Debt Recovery
bad debtAny 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 debtMedical practice Any bill submitted for payment by a third-party payer or Pt, which is not paid in full
bad debt(bad det)
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.