End of Month Practice Analysis Reports

• I want to know month to month how my practice is doing

• I want to know how my practice did last year on a month to month basis

• I want to know how my practice is doing this month compare to last month

Go to Reports / Activity Reports / Daily-Monthly Activity Report / select Monthly Activity

 

 

• I want to know how I am doing financially individually this month

Go to Reports / Activity Reports / Activity Summary by Provider / select Activity Summary by Provider and enter date range and the  Attending Provider range

• I want to know how my practice is doing overall as a group

Go to Reports / Activity Reports / Activity Summary by Provider / select Activity Summary by Provider and enter date range and leave Attending Provider blank

 

Patient Day Sheet

This form helps make closing your day more simple.  It prints information concerning all patients seen that day, plus all patients for whom financial transactions have been entered that day.

Activity Reports

The Daily Activity Report and Monthly Activity Report break down financial activity by day or month, depending on which report you print.  The reports display the total number and the total amounts of the charges, payments, and adjustments entered into the program during a specified date range.

The Daily and Monthly Activity Reports are accessed by going to the Reports menu and selecting Activity Reports, then Daily Activity Report or Monthly Activity Report, respectively.

 

Activity Summary Reports

There are three Activity Summary reports: Activity Summary by Provider, Activity Summary by Procedure, and Activity Summary by Insurance.  These reports summarize the financial information entered for each provider, procedure code, or insurance company included in the report.  

These reports can be accessed by going to the Reports menu and selecting Activity Reports, then the specific report

Practice Analysis

The Practice Analysis report is a management tool for tracking procedures performed during a specified period, payments received, and adjustments made to accounts for those procedures.  It is usually printed at the end of the month.

Go to the Reports menu and select Analysis Reports, then Practice Analysis.

The filters available for this report are: Procedure Code, Date Created, Date From, Attending Provider, Place of Service, and Transaction Facility, Case Billing Code, and an Account Code Match.

You can also select Show Only Records with a Blank Facility to view records with no assigned facility and Show Account Receivables Total Page to view the totals at the end of the report.

Production by Provider Report

The Production by Provider Report gives incoming revenue information for each provider.  For each charge listed in the report, it shows both the expected payments from the responsible parties (the insurance companies and the guarantor) and the actual payments that were applied to the charge.  For cash patients, the balance is reflected in the Guarantor Estimated Payments column.

Insurance Aging Summary

This report is used to track the age of an insurance claim.  The longer a claim has been outstanding, the less likely it is to be paid.  The report can be run on Primary, Secondary, and/or Tertiary insurance claims. This report is very similar to the Insurance Aging report, only no detail is included (e.g., no patient information).

Use the report to follow up on your claims.  Print the report once a month and review each claim listed.  It is best to contact the insurance carrier if a claim is outstanding for more than 60 days.  The carrier phone number is conveniently included in the report.

Insurance Analysis

The Insurance Analysis is a management tool for tracking charges, insurance payments performed during a specified period, and co-payments received to accounts that include those procedures.  It is usually printed at the end of the month.  The Outstanding Balance sum displays the total charges, subtracting the full amount of the charge if the insurance payment was made.

Go to the Reports menu and select Analysis Reports, then Insurance Analysis.

Insurance Payment Comparison

This report is a great way to find out what different insurance companies are paying for the same procedure.  The Insurance Payment Comparison report takes a procedure code and shows the payments applied to it from up to five insurance companies.

The Insurance Payment Comparison is accessed by going to the Reports menu and selecting Analysis Reports, then Insurance Payment Comparison.