Certified Medical Administrative Assistants (CMAA) Practice Exam 2025 – Comprehensive All-In-One Guide to Exam Success!

"Accounts receivable" in a medical office refers to the money owed to the practice for services that have already been provided to patients. This encompasses the outstanding balances from patients, insurance companies, and other responsible parties after services have been rendered. Many healthcare providers operate on a credit basis, meaning that patients or insurance plans may not settle their bills immediately at the time of service. Therefore, accounts receivable represents a vital aspect of the practice's financial health, as it reflects the pending payments that the practice expects to collect.

The other options relate to different financial concepts. Expenses incurred by the practice pertain to the costs necessary for running the medical office, including medical supplies and salaries. The total income received in a fiscal year refers to the overall earnings after all accounts receivable have been collected, not just those currently outstanding. Lastly, projected revenue from future patient visits considers anticipated earnings rather than actual sums that are currently owed. Understanding the definition of accounts receivable helps in accurate financial management and analysis within the healthcare environment.