Reporting in medical billing (2024)

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PrognoCIS Offers Industry-Leading Solutions for Medical Practitioner

Establishing smooth functioning of your practice requiresefficient management ofthebilling process. Medical billing reports providesessential information aboutpayments, claims and other aspects of billing procedures.This helps to drivebetter judgement,informed decision making andfinally increased ROI for your practice.

AllowPrognoCIStomakeyour practice’smedicalbilling processswifter and more accurate.Theirfeatures ensure youreceiveservices that are ideal for your practice.

Dashboard And Reports

Thisenables users tocustomize reports of their choice,usecomprehensive filters,group,andsubgroup the report totals and much more.

About100 standard reportsareavailable for users to use and explore.
All Tabular reports are configured with standard functions.

Multi-PageDashboard offers visibility and control over financialfunctions of yourpractice;lets you contain any standardtabularreportand more.

Any standard layout reportscan be set to run on regular intervals andcan be easily retrievedfrom download file sections.

This report enables the users to drill down at the transaction levels by simply clicking on Summary Amountswhichsupports in makingstrategic decisions regarding reconciling balances and practice performance.

Trackingtransactions at the end of the week or end of the monthbecomes convenient. You can alsokeep track ofaging progression and over all practice progression by plottingtrends of operational metrics.

Practices that provide services to numerous locations can efficiently manage paymentsreports withthis feature.

Statistics Reports is one single report screen whichprovidesdozens ofreportsthatPractice can use to base their analytics such as:Billing Statistics, Payment Statistics, Top 10 Analytics, FirstPassPercentage and Employer Billing Statistics.

Allows users to have a quick overview of data. Allows flexibilityin viewing breakupsof claimcounts byproviders andbusiness units.

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What is Included in a Medical Report?

Amedicalreportencompassesa patient’s medical historythat is an official document written by ahealthcareprofessional. Itcontainsinformation on how long apatient’sinjury ortreatmentlasted orwhether it is stillongoing.

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The Six Important Medical Billing Reports

Account receivable aging reportsdisclose unpaid claims of insurance companies

Basically,a payment trendshowsyouthe amount you need to collect from your patient to pay their claimswhereas an Insurance collectionreport is similar toaccount receivable that indicates how long a claimhas not been paid.

Key performance indicator reports are of great value to your practice as theylayout the most profitable procedures for yourpractice. PrognoCIS offers customizable trend indicators that arescheduled to run on intervalsto track transactions by the end of a week or the end of the month.

This report allows you to take key decisions regarding revenue. Displaying the top ten payers and insurance companies. Providing information on negotiating for better pricing with payers and insurance companies.

Patient payment reports track down payments oftheir medicalbills.Patients caneffortlessly payfor their medical fees from the comfort of their homesas data is entered directly into the PrognoCIS practice management systemthatprevents messy, time-consuming reconciliations and costly errors.

Clinics use clearinghouses to electronicallytransmitclaims to third-partypayers. They track downthereasons behindrejected claims.

The rejected detail from the Clearinghouse is displayed as a tabular reportwhenneededby the clinic.

PrognoCIS is a patient-centric systemand is easy-to-use,with the ability to integrate with third-partyapplications.It is easy to setup your system withPrognoCISand makeclaim processes simpler and efficient.

The 4 Main Types of Analytics That Expedite the Decision – Making Process

More than one type of healthcare analytics exist:

  • Descriptive analytics

    In descriptive analytics, practices use patient’s historical data to gain insights into benchmarks and trends.

  • Prescriptive analytics

    Prescriptive analytics relies on machine learning to propose a strategy.

  • Predictive analytics

    In predictive analytics healthcare professionals makes use of both forecast and modeling methods to predict what will probably happen in the future.

  • Discovery analytics

    Similar to prescriptive analytics, discovery analytics uses machine learning. It makes use of machine learning to analyze clinical data to determine patterns that provide actionable insights.

Thepractical application of thesetypes of dataanalyticscan be usedas an advantageto benefit health care organizations,andas well astheirpatients.

Medical Billing Solutions For Every Specialty

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Testimonials

What People Say

"I have worked with Prognocis for about 10 years and have really enjoyed the support and product. The EMR is very convenient for me to access everything I need to make clinical decisions quickly. Ordering test, completing my chart, and sending electronic prescriptions are some of my favorite features. We also use the medical billing software because it is seamless with our EMR. Our billing staff is able to accomplish their job efficiently using the system. I highly recommend Prognocis."

"I used that Free EMR for my practice but the structure was too cumbersome and offered no support which slowed me down and prevented me from seeing additional patients. PrognoCIS workflow; however, is easy and I am able to see more patients with better documentation which more than pays for its self.”

Importance of Data Analytics in Healthcare

Earlier healthcare organizations required skilled analysts to process data but there are tools that analyze an ample amount of data. The growth in healthcareinformation is going to be vast andunpredictablein the future.

Data analytics utilize qualitative and quantitative processes to analyze these data into meaningful information.

Data analytics come up with prediction and interpretation, which can help rectify an issue even before you encounter them. This contributes towards practice productivity and patient satisfaction.

Data Analytics is pertinent for healthcare organizations as it influences trends and enables effective decision-making.

With PrognoCIS reporting and analytics, healthcare providers and clinicians create desirable outcomes.

The system allows quick and fine-tuned analysis through the diligent use of filters.Theyalsotake account of real-time vital signs while performing analytics.

Medical Billing Solutions For Every Specialty

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Why Use PrognoCIS?

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WithPrognoCISas a part of your practice,mitigateinefficiencies, maximizes your productivity, resource utilization, and profitability.

PrognoCISoffers medical billing solutions that are reasonable and focus on expanding your business and providing excellent patient care.

They cover all aspects of medical billing that include:

  • Patient billing
  • Practice management software
  • Medical credentialing
  • Account resolution
  • Revenue cycle management

Using reliable medical billing software and providing medical billing solutions that ensure smooth running of your practice allowing you to providevalue-basedpatient care.

Our Range of Services to Facilitate your Medical Billing Process

Revenue Cycle Management

Use our RCM services to process statements and handle your claims, while you connect with patients

Account Resolution Service

Accelerate patient communication for shorter billing cycles using our account resolution service.

EHR Integration

The most appropriate solution for enhancing the workflow and overall resourcefulness of a healthcare practice.

Credentialing

Quickly enroll your practice with third-party payers and begin seeing patients

If you haven't already, consider using a medical billing service for your practice.

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Reporting in medical billing (2024)
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