Published at Wednesday, March 31st 2021, 17:03:59 PM by Nellie Graham. Budget Spreadsheet. Dont Forget About Transportation When choosing a place to live, consider transportation costs--fuel, commute, and the wear-and-tear on your vehicle. As a general rule, living within 15 or 20 minutes of the workplace and doctors office can save a lot of fuel, travel time and lengthen the life of your vehicle. Lastly, include an estimate on the monthly budget spreadsheet of how much youre planning to allot for entertainment. That way, you can save up your "entertainment funds" for something bigger (like a vacation) or spend it on smaller perks. Its also important to save some for emergency funds as well, because cars break down and people do become ill. All of this and anything else you can think of as a potential cost should be included on the spreadsheet so youll have some idea of what youre going to spend before you have to spend it. As each month passes, simply update the spreadsheet to reflect actual costs.
Published at Saturday, May 22nd 2021, 23:30:17 PM. Bill Spreadsheet By Leola Griffith. Accurate Data: Make sure data being pulled is accurate. I recently received a practices information that was not consistent from one report to another. For example, the A/R Report stated there was $230,000 in outstanding A/R, while the Production Report listed $1,300,000 in A/R. Obviously, this huge discrepancy indicates something wrong-either with the report pulled or the included data. Pay close attention to accuracy of the data you pull. It should be straight forward and consistent. Clinical vs. Cosmetic Data: Its highly recommended to separate your clinical (insurance reimbursed) data from your "fee for service" data. This enables you to review the data separately, as well as combined (total practice). Its important to know that "fee for service"-related data will have an impact on certain ratios and calculations, since there are no adjustments associated with those charges and payment is typically collected at time of service (e.g., no A/R balances). Some industry benchmarks report data with fee for service and others so be aware these variances will impact the ratios because those numbers vary significantly.
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Published at Saturday, May 22nd 2021, 21:41:12 PM. Bill Spreadsheet By Isabel Cotton. Before you can budget you need to gather a list of all of your monthly bills properly record them and then add them up. Before you create a budget get control of what that budget should be. Online banking has helped tremendously with this step. If you have a home accounting program like Quicken or Peachtree you can download your banking data right into those programs. They will even guess what category you assign each bill to. The good news about software programs is that they work. The bad news is that they break, they cost money, you have to learn how to use them, and then they require you to upgrade to stay current. But again... they work.
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Published at Saturday, May 22nd 2021, 18:53:34 PM. Bill Spreadsheet By Sally Dotson. Many in-house managers do not have billing experience, and those who do are often too distracted by daily "fires" to closely monitor billing performance. Even some outsourced billing companies dont know what or how to measure, or in some cases they simply dont want you to know-the reverse effect of "You cant manage what you dont measure." When you inquire about the status of your billing, you may hear "Billing is going well," or "Collections are up." Or perhaps youre told of a Medicare issue or system glitch that has impacted claims processing and collections. These are surface comments and issues that can redirect your attention and provide a false sense of security around your cash flow and health of your business. In truth, many managers often dont know the right questions to ask or reports to review in order to fully understand and measure billing performance. Or they simply dont make the time around other "priorities."
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