Reports

Report Summary

Accounts Receivable (AR)

• Used to understand currently outstanding money expected to be received on outstanding claims.
• AR reports are usually inflated due to fee schedules being higher than the amount paid by payers.

• Four types of AR Report are available:
  • Practice AR - Accounts Receivable for the all claims within the system.
  • AR by Patient - Listing Patients that have money outstanding.
  • AR by Payer - Listing Payers that have money outstanding.
  • AR by Aging (Aged AR) - Listing AR based on how long it has been on file.

• AR is calculated by subtracting payments and adjustments from total charges.

• There are two core modes in which the report runs:
  • By Entry Date - the report will collect total charges entered from services with the date range and subtract payments entered withing the date range.
  • By Service Date - the report will collect all payments on charges that have a service data matching the date range.

• Batch Date mode available (similar to Entry Date using Batch Date instead)

• Can be filtered by Provider, Location, Factility and Place of Service
• Data formatted in PDF or Excel.

• Monitoring your practice AR allows you to verify if your practice is successfully collecting money due.

An goal for best practice to always work towards achieving zero AR. This is done by:

• • Collecting money from patients.
  • Collecting money from Insurance Companies.
  • Using Collection Agencies for bad dept.
  • Writing Off noncollectable money correctly. (Contractual or Bad Debt).

Appointments

Daily Reconciliation'