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Sample Spreadsheet For Bills

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Published at Saturday, May 22nd 2021, 02:19:15 AM. Bill Spreadsheet. By Laurel Sparks.

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Most practice management systems today have production or practice performance reports that will have most of the above information (charges, adjustments, collections, A/R, encounters). I typically review the last page of a report and pull the monthly totals for the 12-month period for each category. The drill-down detail is helpful once you have identified a trend or "red flag," but not needed for the initial analysis. Also, most A/R aging analysis reports will have the A/R balance and the "buckets" or number of days the balance is spread across. Step 2: Input data into "dashboard" tool (spreadsheet) Once you have that "raw" data, you need some sort of analytical tool to make sense of the information-that is, bring the numbers to life and tell your practices story. I typically provide my presentation attendees with a tool Ive created-called the "dashboard-which they can take back to their practices and utilize immediately. This "dashboard" is a spreadsheet that allows you to input your data and then calculates ratios into an easy-to-read format that can be shared with your owners, supervisors and billing staff. In the spreadsheet, input your data into the green cells only. The blue, grey and purple cells have preloaded formulas that automatically calculate averages and ratios to help you measure your billing performance.

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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.

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.

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