Value Added Report: Patient Analysis

This report provides monthly overview of patient visits, charges, payments and adjustments.

Value Added Report: Practice Income Sources

This report identifies the distribution of the revenue flows for the practice.  Based on the information, adjustments can be made to improve the overall profitability and health of the practice.

Value Added Report: Account Aging Summary

This report provides a summary of the current state of accounts, a snapshot of the current state of collections and the cash flow of the practice.

Value Added Report: Patient Visits

This report provides a summary of patient visits and identifies the mix of patients that were serviced.

Value Added Report: Revenue Trend Analysis

This report provides a month-by-month and YTD comparison of the performance of the practice.  This helps benchmark the practice performance and provides an opportunity to identify the trends early and make appropriate adjustments to the practice.

Value Added Report: Office Procedures

This report helps visualize the distribution of the procedures performed at the office.  This helps as an evaluation tool for evaluating the workflow of the office staff and provides insight into potential scheduling changes.  This could also be used as a tool for potential forecasting of the supplies that need to be maintained at the practice.

Value Added Report: Practice and Patient Revenue Averages

This report provides a snapshot of the average revenues per patient for the practice.

Value Added Report: Productivity Index

This report describes the workload distribution of the staff and physicians at the practice.

Value Added Report: Patient – Payer Distribution

This report identifies the distribution of the patients and the payer whom they are associated with.  This provides information needed to make adjustments to improve the overall profitability of the practice.

Value Added Report: Average Payment per Code per Payer

This report identifies the average payment received for each of the codes that were billed for each of the payers.  This helps determine if the code is being paid by the payers as per the physician’s expectations with the potential to make informed adjustments to improve the overall profitability and health of the practice.

Value Added Report: Top Revenue Generating Codes in Descending Order

 This report identifies the top revenue generating codes.  The following are identified:

a)      Frequency of the code usage;

b)      Total revenue generated from the code usage;

c)       Average revenue generated from the code;

d)      % of total paid; 

Value Added Report: Least Paying Codes as a % of the Amount Billed

This report identifies the least paying code as a percentage of the amount that was billed.  This helps to visualize the following:

a)      if the fee-schedule needs to be adjusted;

b)      if the code should be dropped in lieu of a higher paying code;

c)       if the code is not being accepted as a requirement by the payers;

d)      if more documentation needs to submitted to the payers;

e)      if pre-authorizations need to be done for these code;

Value Added Report: Highest Paying Codes as a % of the Amount Billed

 This report identifies the highest paying code as a percentage of the amount that was billed.  This helps to visualize the following:

a)      if the fee-schedule needs to be adjusted; 

Value Added Report: Realization Percentage

This represents the net amount collected against the gross charges.  This lets the practice compare the percentage with the industry data.  Any variance should be studied to see why the practice is either below or above the industry average.

Value Added Report: Moving Average Realization Percentage

The practice can use the historical percentage as its own benchmark and monitor the calculation each month by continuing to calculate the realization percentage on a moving average basis.  Should the realization percentage start to drop, the practice can immediately investigate and take corrective action.

Value Added Report: Account Aging by Payer

This report provides an up to date report of the current account aging per payer for the physician.  This helps the physician get a snapshot of the current state of the collections and the cash flow of the practice.  It also lets the physician identify the payer reimbursement rates and provides him an opportunity to make adjustments to the practice.

Value Added Report: Historical Collection Trend Analysis

This report provides a trend showing the past performance of the practice.  This will provide the practice with a visual to gauge the past practice performance and its growth.

Value Added Report: Top Reject / Denial Reasons

This report provides a listing of the common reasons for the rejects and denials.  This will provide the practice with a report to correct and reduced the rejection and denial causes.