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Monthly Collection Rate Report Example for a Healthcare Provider

What is a Monthly Collection Rate Report?

Monthly collection rate reports are considered essential healthcare accounting reports and are used by CFOs, accountants and collections managers to analyze monthly collection rates. Some of the main functionality in this type of analytical trend report is that it can be filtered by biller, insurance provider and physician. Across the columns you find all 12 months of the year as well as a total. All collection rate figures are listed as the percent (%) of the billed amount that was collected. Downwards in the report there are four sections: 1) Metrics by insurance company, 2) Metrics by biller, 3) Metrics by physician, 4) Metrics by revenue group. At the bottom each section you find sub-totals. You find an example of this type of report below.

Purpose of Monthly Collection Rate Reports

Healthcare providers use Monthly Collection Rate Reports to get a clear understanding of how successful (nor not) their collections activities and related policies are. When used as part of good business practices in Financial Planning & Analysis (FP&A) and collections departments, an organization can improve its revenues and collection strategies as well as reduce the chances that managers miss important collection rate trends and anomalies.

Monthly Collection Rate Report Example

Here is an example of a Monthly Collection Rate Report that helps healthcare providers analyze collection rates (%) by insurance company, biller, physician and revenue group.

Monthly Collection Rate Report Example for a Healthcare Provider

Monthly Collection Rate Report Example for a Healthcare Provider

You can find hundreds of additional examples here

Who Uses This Type of Analytical Trend report?

The typical users of this type of analytical trend report are: CFOs, revenue officers, collections managers, analysts, accountants, budget managers.

Other Analytical Trend Reports Often Used in Conjunction with Monthly Collection Rate Reports

Progressive Financial Planning & Analysis (FP&A) departments sometimes use several different Monthly Collection Rate Reports, along with collections dashboards, detailed billings/charges/collections reports and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from management systems or enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Cloud Solutions and More Examples

Example of a Monthly Collections Summary Report for a Healthcare Provider

What is a Monthly Collections Summary Report?

Monthly collections reports are considered essential healthcare reports and are used by CFOs, accountants and collections managers to analyze all monthly collections. Some of the main functionality in this type of analytical summary report is that it can be filtered by biller, insurance provider and physician. Across the columns you find all 12 months of the year as well as a total and how much each row is as a percent of the total amount. Downwards in the report there are four sections: 1) Metrics by insurance company, 2) Metrics by biller, 3) Metrics by physician, 4) Metrics by revenue group. At the bottom each section you find sub-totals. You find an example of this type of analytical summary report below.

Automate Your Healthcare Operations

Purpose of Monthly Collections Summary Reports

Healthcare providers use Monthly Collections Summary Reports to get a clear understanding of monthly collections and trends from all possible angles. When used as part of good business practices in a Financial Planning & Analysis (FP&A) department, an organization can improve its revenues and collection strategies as well as reduce the chances that low performance areas or issues go undetected.

Monthly Collections Summary Report Example

Here is an example of a Monthly Collections Summary Report that helps healthcare providers analyze collection amounts by insurance company, biller, physician and revenue group.

Example of a Monthly Collections Summary Report for a Healthcare Provider

Example of a Monthly Collections Summary Report for a Healthcare Provider

You can find hundreds of additional examples here

Who Uses This Type of Analytical summary report?

The typical users of this type of analytical summary report are: CFOs, revenue officers, collections managers, analysts, accountants, budget managers.

Other Analytical summary reports Often Used in Conjunction with Monthly Collections Summary Reports

Progressive Financial Planning & Analysis (FP&A) departments sometimes use several different Monthly Collections Summary Reports, along with collections dashboards, detailed billings/charges/collections reports and other management and control tools.

Solver for Healthcare Providers

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from management systems or enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Automate Your Healthcare Operations

Corporate Performance Management (CPM) Cloud Solutions and More Examples

Monthly Charges Summary Report for a Healthcare Provider

What is a Monthly Charges Summary Report?

Monthly charges reports are considered important reports for healthcare organizations and are used by CFOs, accountants and revenue officers to analyze all monthly charges. Some of the main functionality in this type of analytical summary report is that it can be filtered by biller, insurance provider and physician. Across the columns you find all 12 months of the year as well as a total and how much (%) each row is of the total amount. Downwards in the report there are four sections: 1) Metrics by insurance company, 2) Metrics by biller, 3) Metrics by physician, 4) Metrics by revenue group. At the bottom each section you find sub-totals. You find an example of this type of analytical summary report below.

Purpose of Monthly Charges Summary Reports

Healthcare providers use Monthly Charges Summary Reports to get a clear understanding of monthly charges and trends from all possible angles. When used as part of good business practices in a Financial Planning & Analysis (FP&A) department, a healthcare provider can improve its revenues and collection strategies as well as reduce the chances that low performance areas or issues go undetected.

Monthly Charges Summary Report Example

Here is an example of a Monthly Charges Summary Report that helps healthcare providers analyze charges by insurance company, biller, physician and revenue group.

Monthly Charges Summary Report for a Healthcare Provider

Monthly Charges Summary Report for a Healthcare Provider

You can find hundreds of additional examples here

Who Uses This Type of Analytical Summary Report?

The typical users of this type of analytical summary report are: CFOs, revenue officers, collections managers, analysts, accountants, budget managers.

Other Reports Often Used in Conjunction with Monthly Charges Summary Reports

Progressive Financial Planning & Analysis (FP&A) departments sometimes use several different Monthly Charges Summary Reports, along with revenue dashboards, detailed billings/charges/collections reports, budget reports and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from management systems or enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Cloud Solutions and More Examples

Monthly Billings, Charges and Collections Summary Report for a Healthcare Provider

What is a Monthly Billings, Charges and Collections Summary Report?

Billings, charges and collections summary reports are considered healthcare group summary analysis tools and are used by CFOs, accountants and revenue officers to analyze all monthly revenues. Some of the main functionality in this type of analytical summary report is that it can be filtered by charge master, biller, insurance provider and physician. Across the columns you find three sections, each one can be expanded to see individual months for: 1) Billings, 2) charges and 3) Collections. Downwards in the report there are four sections: 1) Metrics by insurance company, 2) Metrics by biller, 3) Metrics by physician, 4) Metrics by revenue group. You find an example of this type of analytical summary report below.

Purpose of Monthly Group Summary Reports

Healthcare providers use Monthly Group Summary Reports to get a clear understanding of monthly revenues and trends from all possible angles. When used as part of good business practices in a Financial Planning & Analysis (FP&A) department, a healthcare provider can improve its revenue strategies and related outcomes as well as reduce the chances that low performance areas or issues go undetected.

Monthly Group Summary Report Example

Here is an example of a Group Summary Report that helps healthcare providers analyze monthly billings, charges and collections.

Monthly Billings, Charges and Collections Summary Report for a Healthcare Provider

Monthly Billings, Charges and Collections Summary Report for a Healthcare Provider

You can find hundreds of additional examples here

Who Uses This Type of Analytical summary report?

The typical users of this type of analytical summary report are: CFOs, revenue officers, collections managers, analysts, accountants, budget managers.

Other Reports Often Used in Conjunction with Monthly Group Summary Reports

Progressive Financial Planning & Analysis (FP&A) departments sometimes use several different Monthly Group Summary Reports, along with revenue dashboards, detailed billings/charges/collections reports, budget reports and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from management systems or enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Cloud Solutions and More Examples

Monthly Billing Summary Report Example for a Healthcare Provider

What is a Monthly Billing Summary Report for a Healthcare Provider?

Billing summary reports are considered operational analysis reports and are used by accountants to analyze billing revenues from various perspectives. Some of the main functionality in this type of visual report is that it is parameter driven and contains four major sections: 1) Monthly billings by insurance company, 2) Monthly billings by biller, 3) Monthly billings by doctor and 4) Monthly billings by revenue group. Note: Only the first section is visible in the screenshot below. You find an example of this type of visual report below.

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Purpose of Monthly Billing Summary Reports

Healthcare providers use Monthly Billing Summary Reports to give executives and financial managers an easy, self-service way to slice the organization’s billing revenues. When used as part of good business practices in a Financial Planning & Analysis (FP&A) department, a healthcare institution can improve its billing revenues and related strategies and planning as well as reduce the chances that managers lack insight to important drivers of billing revenues.

Monthly Billing Summary Report Example

Here is an example of a Monthly Billing Summary report for a healthcare provider.

Monthly Billing Summary Report Example for a Healthcare Provider

Monthly Billing Summary Report Example for a Healthcare Provider

You can find hundreds of additional examples here

Who Uses This Type of Visual report?

The typical users of this type of visual report are: CFOs and accountants.

Other Visual reports Often Used in Conjunction with Monthly Billing Summary Reports

Progressive Financial Planning & Analysis (FP&A) departments sometimes use several different Monthly Billing Summary Reports, along with billing and revenue dashboards, income statements, cash flow reports and other management and control tools.

Solver for Healthcare Providers

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from management systems or enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Automate Your Healthcare Operations

Corporate Performance Management (CPM) Cloud Solutions and More Examples

Revenue by Service Group Report Example for a Healthcare Provider

What is a Revenue by Service Group Report for a Healthcare Provider?

Revenue by service group reports are considered operational reports and are used by accountants and analysts to monitor revenues for their different patient service offerings. Some of the main functionality in this type of report is that it automatically ranks the top twenty service groups by revenue. The chart on the top of the report makes it easy to compare the different offerings and the income they bring. The number section at the bottom of the report shows each service offering with their revenue for the period as well as their percent of the total revenues for all service offerings. You find an example of this type of report below.

Purpose of Revenue by Service Group Reports with Rankings

Healthcare providers use Revenue by Service Group Reports with Rankings to provide an easy way for healthcare managers to see which of their patient service groups drive the most significant revenues. When used as part of good business practices in a Financial Planning & Analysis (FP&A) department, an organization can improve its revenue-related planning and strategies as well as reduce the chances that managers lose visibility to important drivers of their sources of revenue.

Revenue by Service Group Reports with Ranking Example

Here is an example of a Revenue by Service Group report with top 20 ranking.

Revenue by Service Group Report Example for a Healthcare Provider

Revenue by Service Group Report Example for a Healthcare Provider

You can find hundreds of additional examples here

Who Uses This Type of Report?

The typical users of this type of report are: Executives and CFOs.

Other Reports Often Used in Conjunction with Revenue by Service Group Reports with Rankings

Progressive Financial Planning & Analysis (FP&A) departments sometimes use several different Revenue by Service Group Reports, along with billing and claims reports, revenue dashboards, income statements and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from management systems or enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Cloud Solutions and More Examples