Calculate Your Practice's Medical Billing Analysis
Discover how your practice's billing compares to the industry benchmarks for your specialty using ChartLogic's free online analysis calculator.
SALT LAKE CITY, June 21, 2016 /PRNewswire/ -- ChartLogic, Inc. has recently announced the launch of their highly anticipated Medical Billing Analysis Calculator that strives to be the most innovative medical billing calculator in the market. Most medical billing calculators only focus on a few basic metrics or on the ROI of using that medical billing service / revenue cycle management vendor. In order to get an analysis, practice's usually need a complete consultation.
Photo - http://photos.prnewswire.com/prnh/20160620/381554
However, ChartLogic is proud to launch their interactive Medical Billing Analysis Calculator that not only gives you the key billing metrics, but also compares those results to MGMA benchmarks for your practice's specialty. Below is an example of how the calculator functions. It consists of a simple input section, which then calculates your practice's billing analysis and displays the results side-by-side specialty benchmarks.
Inputs:
- Practice Specialty
- Annual Charges
- Annual Collections
- Total Outstanding A/R
- Outstanding A/R >120 days
- # of Annual Encounters
- Contractual Adjustments
Results:
- Avg. Reim. / Encounter (ARE)
- Net Collections %
- Avg. Monthly Collections
- Days in A/R (DSO)
- A/R % > 120 Days
ChartLogic's main goal and specific focus for creating this calculator was to let practices calculate their performance with ease and at the same time take their performance results and compare them to other practice's within the same specialty through MGMA standards. The calculator doesn't stop there, it also provides a section within the results screen that displays your practice's potential annual increase in revenue by choosing ChartLogic as your practice's Medical Billing Service.
The ChartLogic Medical Billing Calculator can be accessed by desktop or mobile devices. When you arrive at the results screen, it clearly shows how the practice is performing by highlighting if you are above or below the specialty standard. When a visitor completes the calculator, the results will also be emailed to the provided email address, giving access to the results at any given time.
After submission, the user can alter the inputs or request to learn more and talk to a ChartLogic Billing Expert.
To launch the interactive medical billing calculator, click here.
About ChartLogic Medical Billing Services
As with most billing services out there, it all comes down to increasing practice performance. In using ChartLogic Medical Billing Services, you can expect to both improve reimbursement and increase efficiency. We leverage our relationships with payers and years of experience to earn you more of what your practice is owed. In addition to getting paid, ChartLogic can help your practice save time and streamline processes through our full ambulatory EHR suite, including electronic medical record, practice management, e-prescribing, patient portal and more. Let ChartLogic take care of the claims continuum, so you can get back to what's important to you, treating patients.
ChartLogic is based in Salt Lake City, Utah, and is privately held. For additional information, visit www.chartlogic.com or call 888-337-4441.
Media Contact:
Cody Frew
Director of Marketing
ChartLogic, Inc.
801.365.1800
[email protected]
www.chartlogic.com
This content was issued through the press release distribution service at Newswire.com. For more info visit: http://www.newswire.com
SOURCE ChartLogic, Inc.
Share this article