Our assessments reveal underutilized revenue generation areas and potential inefficiencies in financial management practices.
By providing a detailed, year-over-year analysis, we help practices pinpoint these areas, allowing for informed strategic decisions that enhance financial performance and patient service delivery.
What You Get
Customized Financial Reports
Tailored reports presenting data-driven insights through detailed tables and visual graphs, covering charges, payments, adjustments, and revenues by various metrics such as provider, service, CPT code, and payor.
Volume Analysis Report
This report offers an in-depth analysis of service volumes and provides a clear view of performance distribution across different services, providers, and payor classes.
Ancillary Service Utilization Report
Insights into how ancillary services contribute to your practice’s financial performance.
RVU Analysis Report
This report provides a detailed analysis of RVU metrics to understand productivity and efficiency in revenue generation.
Detailed Narrative Analysis
A written report accompanying the data, offering interpretations, trend analysis, and actionable insights based on the comprehensive revenue analysis conducted.
Ongoing Monitoring and Advice
Continuous monitoring and consultancy to adapt strategies based on emerging financial trends and market conditions.
What We Do
Financial Performance by Provider
This section analyzes charges, payments, and adjustments broken down by individual providers, alongside a revenue breakdown by service and CPT code.
Service Volume Analysis
This involves examining volume metrics by provider, service, and CPT code, including detailed insights into volume and revenue by payor and financial class.
Provider and Service Revenue Evaluation
Comprehensive assessment of volume and revenue by provider and service offered, including the impact of ancillary service utilization on overall revenue.
Payor and CPT Code Revenue Metrics
This section analyzes average revenue per payor by CPT code and evaluates Relative Value Units (RVU) and weighted RVUs (wRVU), focusing on average revenue per RVU.
Why You Need This
Medical practices must understand their financial performance over time to navigate the complexities of healthcare economics.
Our Comprehensive Revenue Analysis service offers a deep dive into your practice's financial health, utilizing a blend of essential metrics pivotal for strategic decision-making.
This service includes customizable reports with tabular and graphical representations enhanced by a detailed narrative analysis.
We recommend analyzing data spanning at least three years to provide a robust and accurate evaluation, allowing your practice to identify trends, optimize revenue, and improve operational efficiency.
