Identify and Grow Your Profit

A daily delivery of your P&L data combined with insights found on a Day Sheet. 

 

See the following:​

• Recorded Bank Transactions and Production Numbers

• New Patients and Procedure Counts

• Schedule Capacity Indicators

• Revenue Conversion Rates

• Top Adjustments by Plan, Payor and Procedure​                                                           

Develop a clear understanding of procedures and profitability, and track profit origination.

 

See the following:

• Procedure types that contribute to paying down operating expeneses

• Procedure types contributing to implied net profit

• Payor Mix by actual procedure volumes

• Contributing Plans and write offs

• 12 month Trailing Production​

Operations impact both expenses and profit—view both at a glance.

 

See the following:

• Operating cost per hour

• Frequency of procedures

• Procedures per provider

• Treatment hour usage by procedure and payor

• Payor contributed profit based on patient visits. ​

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Profit by payer and procedure, showing how profitability varies by procedure.

 

See the following:

• Operating Profit Summary

• Implied Net Profit waterfalls

• Procedure Level Profit waterfalls

• Overall profit gains

• Payor adjustments and procedure counts

• Payor Average Net Margins

Learn what actually drives the value of your practice and how to unlock your office’s full potential.

 

 Track the following:

• Practice Value over rolling 12 month period

• Cash on hand and devt

• Add backs (personal business expenses)

• Insurance contracts and payor mix

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Use this tool for the making decisions on increasing your operating costs.

 

Learn the following:

• The effects of increased costs will have not only on overhead but profit and take home pay. 

• How many procedures, how much time and how much production is needed to offset those costs. ​​                                           

Use this tool to make desisions about insurance reimbursement and purchases.

 

Discover three key insights:

• Your Blendrate (acutal reimbursement based on patient volumes and payor rates)

• Effects of dropping a payor or plan

• Affordabilty of capital equipment purchases

Use this tool to better understand the following:

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• Revenue Leakage: Match your net production to bank deposits.

• Expense Fluctuations:  Compare average, high and low expense amounts

• Applied Labor Costs: Appy your largest expense to time usage, procedures performed, and revenue generated.

Notifications enable offices to recognize the changes needed to improve profitability.

 

Receive custom notiftication for the following:

• Thresholds: Spending and Producing

• Profit Drivers: Code Maximization, Specific Code renegotiations, Provider Performance, Accepted Procedures, etc.