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KMB Release Notes March 1, 2016

March 1, 2016

In March, your Kareo Medical Billing account was updated to include Billing Analytics, which will provide you with an easy way to gauge your practice’s financial health. You will be able to view insights on your patient visits, billing, collections, and accounts receivable.

To learn more, please scroll down.

Filters

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Date filters enable you to view your billing analytics for specific desired date ranges. You can view reports by week, month, and year. The following ranges are available:

  • 1w - Last complete week
  • 1m - Last complete month
  • 6m - Last complete 6 months
  • 1y - Last complete year
  • MTD - Month to Date
  • Other - Last 12 complete months

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Once you select a date option, the days for that date range will be displayed.

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Analytics by Section

Top of Mind

“Top of mind” provides you with high level insights into how your practice is doing. You can easily scan high level financials and compare them to prior periods.

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Patient Visits

View your total number of patient visits for the selected date period. A comparison of the prior period allows you to gauge whether your patient visits are up, down, or consistent.

Gross Charges

View your total gross charge amount so you can see how you much you are billing for the selected date period. A comparison of the prior period allows you to gauge whether you are billing more, less, or in line with your average.

Collections

View your total collection amount so you can see how you much you are collecting for the selected date period. A comparison of the prior period allows you to gauge whether you are collecting more, less, or in line with your average.

Accounts Receivable

View your total Accounts Receivable so you can see how you much money is in A/R for the selected date period. A comparison of the prior period allows you to gauge whether your A/R is more, less, or consistent.

How much did I bill?

“How much did I bill” provides you with insights into how much you are billing. You will be able to view your total gross charges, average gross charges per encounters, and for which procedures you are billing the most.

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Gross Charges

View your total gross charge amount so you can see how you much you are billing for the selected date period. A comparison of the prior period and 6 month average allows you to gauge whether you are billing more, less, or in line with your average.

Average Gross Charges per Encounter

View a trending graph of your average gross charges per encounter so that you can visually gauge how your gross charges per encounter are doing over a specific date period.

Top Procedures by Gross Charges

View your Top Procedures list to see procedures for which your practice is billing. View your top five procedures and sum the remaining into “Other” so that you can see how your top procedures are doing compared to your remaining procedures.

How much did I collect?

“How much did I collect” provides you with insights into your collections. You will be able to view your total collections, gross charges versus collections, and payers that you've collected the most from.

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Collections

View your total collection amount so you can see how you much you are collecting for the selected date period. A comparison of the prior period and your six month average allows you to gauge whether you are collecting more, less, or in line with your average.

Gross Charges vs. Collections

View a trending graph of your gross charges compared to your collections so that you can visually gauge how your billing compares to your collections for the selected date period.

Top Payers by Collections

View your Top Payers list to see which payers your practice is collecting from the most. See your top five payers and sum the remaining into "Other" so that you can see how your top payers are doing compared to your remaining payers.

How much is outstanding?

“How much is outstanding” provides you with insights into your Accounts Receivable. You will be able to view your total Accounts Receivable balance, how your Days Revenue Outstanding is trending, and your payers that have the highest A/R amount.

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Accounts Receivable Balance

View your total Accounts Receivable amount so you can see how you much money is in A/R. A comparison of the prior period and your 6 month average allows you to gauge whether your A/R has gone up, down, or in line with your average.

Days Revenue Outstanding

View your Days Revenue Outstanding (DRO) graph to visually see how your DRO is trending over a specific date period.

Top A/R by Payer

View the Top A/R by Payer list to see which payers have the highest A/R amount. We provide your top five payers and sum the remaining into "Other" so that you can see how your top payers are doing compared to your remaining payers.

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