Major Features of our Reporting Service
Available Management Reports
A listing of all debit/credit accounts in alpha order. Can be sorted by age of account and/or financial class if desired. Accounts are categorized by claim age, current, over 30, over 60, etc.. A Non-Detailed Alpha Trail report will show the gross balances in each age period per financial class.
A complete listing of all transactions posted to active accounts to date by transaction type (Personal Check, Insurance, Medicare, etc.).
A month-to-date and/or year-to-date listing of total charges, credits, adjustments, number of procedures performed and average charge per financial class and/or by physician.
Detailed analysis of procedures performed and percentages of procedures sorted by patient or procedure.
Listing by patient and dates of all charges and transactions relating to the charges.
Number and percentage of procedures performed for patients referred by outside physicians.
Detailed listing of charges and transactions sorted by patient name.
Breakdown of procedures and the percentage of utilization by procedure, location of service, type of service or patient.
Income Projection Report:
Analyze previous charges/balances to give projected income on current charges for each allocated financial class.
Listing of patient/guarantor demographics and insurance information.
Collection Analysis by claim date:
Recovery percentages and amounts by claim date and financial class.
Diagnosis Code Usage Report:
Breakdown of diagnosis utilization by code or patient.
Based on your specifications.MedTech is dedicated to providing your practice with efficient and cost effective billing and collection services. We would welcome the opportunity to show how we can help you improve your cash flow.
Practice Management Reports
The following are sample reports that MedTech generates for practices. This is just a small sample but it provides an idea of the types of data collection necessary to manage a medical practice effectively:
Insurance Payor Mix:
Graphic presentation of the top ten revenue insurance carriers for a practice.
Graphic presentation of yearly charges, revenues, and adjustments. Wide increases or decreases in numbers may be an area to review.
Gross/Net Collection % Trends:
Graphic presentation of the annual trends in both gross and net collections.
Gross Collections = Revenues/Charges
Net Collection = (Revenues + Adjustments) / Charges
Graphic presentation of practice overhead, (expenses) in relationship to revenue.
CPT Analysis New Patients:
Graphic presentation on new patient codes 99201-99205 and how these encounters have been coded over a three-year period. These numbers are benchmarked to assumed norms for the specialty.
“MedTech billing services has been a fundamental part of our growing practice; we initiated our practice with four locations and have successfully grown our practice to eight centers.”