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Bill Reminder Excel Spreadsheet

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Published at Saturday, May 22nd 2021, 22:33:50 PM. Bill Spreadsheet. By Sheryl Martinez.

Assess your cash flow and profitability with a quick and easy analysis of your medical billing Note: The first part of this useful article will cover how to pull data from financial reports and input it in the "dashboard" tool (spreadsheet) provided. Part II will cover how to compare your results to industry benchmarks ("healthy" ranges) and identify practice trends and areas of opportunity. One of my favorite quotes is, "You cant manage what you dont measure." It started for us as kids in school, when our work was managed by our teachers using the traditional grading system ("A" = good; "F"= not so good). In business, and specifically for medical practices, your "report card" consists of many areas that impact the cash flow and profitability of your business.

This article discusses how to accurately measure your medical billing performance and provides steps to perform your own analysis-with an easy-to-use "dashboard" tool that incorporates industry benchmarks or "healthy" ranges. The Importance of Medical Billing-and Revenue-Performance While its fairly easy to determine your profitability (revenue minus expenses equals profit), its critical-and more difficult-to measure your medical billing performance, which directly correlates to the revenue line. You and your administrator(s) may look at provider productivity (patient appointments and charges) as one metric; however, that does not tell the whole story.

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