4.1 Medical Practice Management Reports
The following are sample reports that Healthcare Facilitators generates
for practices. This is just a small sample but it provides an idea of
the types of data collection necessary to manage a medical practice
effectively:
Insurance Payor Mix: Graphic presentation of the top ten revenue insurance carriers for a practice.
Charges/Revenues/Adjustment Trends: Graphic presentation of yearly charges, revenues, and adjustments. Wide increases or decreases in numbers may be an area to review.
Gross/Net Collection % Trends: Graphic presentation of the annual trends in both gross and net collections.
Gross Collections = Revenues/Charges
Net Collection = (Revenues + Adjustments) / Charges
Overhead Trends: Graphic presentation of practice overhead, (expenses) in relationship to revenue.
CPT Analysis New Patients: Graphic presentation on new patient codes 99201-99205 and how these encounters have been coded over a three-year period. These numbers are benchmarked to assumed norms for the specialty.
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4. Medical Practice Management