A practice's RCM operations cannot fully be maximized without a true understanding of the billing data and how it can inform data-driven billing decisions. Medical billing reports are essential tools for diagnosing your practice’s financial health. However, numbers don't mean anything without a translator!
Our reports offer your practice an understanding of where it is, any concerns, and where it needs to be. We also show you how to get there by improving workflow processes and highlighting the opportunities available for growth.
Weekly: We provide reports covering charges, revenue, payment on the floor (Medicare), Work in Progress/unlocked notes (WIP), major news/clarifications.
Monthly: We provide comprehensive updates on charges, revenue, aging, denials management, executive summary (one-page dashboard analysis).
Quarterly Business Reviews: Our in-depth business reviews cover the financial health of your practice. We compare current data with previous quarters to ensure progress. By following benchmarks and industry-standard KPI metrics, we help you stay on track and meet your quarterly goals.
Our goal is to be your trusted advisor, not just a vendor. Providing you with in-depth reporting ensures that continuous insight into the financial health of your practice.
Let us help you optimize your revenue cycle practices through RCM process optimization and medical billing compliance. Gain valuable medical billing insights and payment processing insights to enhance your billing performance metrics and implement effective denial reduction strategies.
Contact Billed Right today to learn more about our medical billing approach and revenue cycle management services.
