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Published at Sunday, May 23rd 2021, 05:25:31 AM. Bill Spreadsheet By Sandy Wade. 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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