Published at Monday, May 10th 2021, 16:51:58 PM by Leola Griffith. Inventory Spreadsheet. Yet there is no tool for project management that is more popular or widespread than the spreadsheet, despite the fact that spreadsheets are not designed to be project support tools. Even in organizations with an established project management tool, spreadsheets are used. There are obvious reasons for this. A spreadsheet program is on almost every computer in every organization, people are familiar with spreadsheets and how to use them, and people are pre-disposed to use these "office" types of software tools to solve problems. And I am right there with them. I love using spreadsheets to track all kinds of data. It is easy, convenient, and I admit ego-boosting to show off what I can do in a spreadsheet.
Published at Sunday, May 23rd 2021, 14:51:48 PM. Bill Spreadsheet By Isabel Cotton. 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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Published at Sunday, May 23rd 2021, 13:24:16 PM. Bill Spreadsheet By Kathie Horne. Step 1: Pull Data from Financial Reports Many practices fail to get past steps 1 and 2 because they dont know what data to pull. The basic information you need to analyze your billing performance includes: Charges Adjustments (contractual) Collections Total accounts receivable (A/R) balance Accounts receivable (A/R) aging analysis (0-30 days, 31-60 days, 61-90 days, 91-120 days, and 120+ days) Patient encounters When gathering this data from your reports, there are a few important factors to consider: Time Period: Your data for each of the items above must be for the same time period, ideally for a 12-month period, which helps identify trends or patterns. Oftentimes, I have received reports reflecting different time periods and even incomplete months, which makes the analysis process much more difficult. Reviewing a single month (which can be good or bad based on practice variables) is not nearly as enlightening as reviewing a quarterly or annual time period.
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