AR Console - Accounts Receivable
The AR dashboard allows the user to gather an array of A/R information and to customize the type and display of that information. This includes total A/R data, information regarding insurance and patient, Aging by Plan (as a percentage), Collection Percentage, and Days Outstanding. OP users can create an AR dashboard and then drill down to isolate details by provider, location or plan. From the Practice Health Dashboards home page, click on the A/R Piggy Bank icon to enter the A/R dashboard.
The A/R Dashboard home page provides the following five sets of A/R data:
- A/R Aging By Plan Percent
- Current Collection Percentage
- % Over 90 Days
- Days Outstanding
The Total A/R chart is closely associated with the Total A/R by Insurance and Patient charts. Note the color code changing from Green to Red to indicate the increase of Days Outstanding and the decrease of Collection Percentage.
Hovering the pointer over select areas of the Total A/R charts displays a popup window with detailed Total A/R, Insurance A/R and Patient A/R information. When the mouse pointer changes to the Hand pointer, you can click on that area to open a drill-down tab with even greater A/R detail.
A/R Aging by Plan
In the A/R Aging By Plan Percent chart, hovering the pointer over the bar associated with each payer displays a popup window with detailed information regarding the percentage of aging A/R data for each insurance plan.
Current Collection Percentage
The Current Collection Percentage is calculated based upon a three-month rolling average. The color coding indicates where an average practice should be based on standard benchmarks.
The Total Gross collection percentage is all revenue billed.
The Total Net Collection percentage includes adjustments. This percentage represents the performance of your billers. The Total Net Collection is the actual amount of money a practice should receive after all adjustments. This figure should be as close to 100% as possible.
Percent Over 90 Days
The Percent Over 90 Days chart provides a dial-type graphic that clearly depicts the percentage of A/R receivables that have exceeded 90 days.
The Days Outstanding chart displays a measure of the average number of days it takes to collect A/R. This figure is based upon a three-month rolling average.
Total A/R Drill-Down Levels for Provider, Location or Plan
To see Total A/R details, click anywhere on the Total A/R chart.
This opens the Total A/R drill-down tab with detailed information regarding A/R aging by provider, location and plan as well as detailed information in the Current Collection Percentage and Days Outstanding charts.
Hovering the mouse over any area of the charts displays a popup window with detailed information for that area of the chart. When the mouse pointer changes to the Hand pointer, you can click on that area to open a drill-down tab with even greater detail of the area you selected.
The Collection Percentage section shows the provider’s Total Gross and Net collection percentages as well as the Gross and Net for both Insurance and Patient.
A/R Aging by Plan Percent
To view the A/R Aging detail of a particular plan, click on an area of the Total A/R chart and then select a plan in the A/R Aging by Plan Percent chart.
This displays Total A/R aging for the plan, location and provider as well as the Collection Percentage and Days Outstanding charts for the selected plan.