We are currently updating the OP Help Center content for the release of OP 14.19 or "OP 19". OP 19 is a member of the certified OP 14 family of products (official version is 14.19.1), which you may see in your software (such as in Help > About) and in the Help Center tabs labeled 14.19. You may also notice that the version number in content and videos may not match the version of your software, and some procedural content may not match the workflow in your software. We appreciate your patience and understanding as we make these enhancements.

OP Insights: AR Aging

Version 14.19

Overview

This section describes the A/R Aging information found on the A/R Summary tab of the Billing Overview.

Billing Center: Overview

Why is this Important?

An Accounts Receivable Aging report is a key metric in understanding the financial status of practice. It shows who owes money and for how long.

A/R Aging Grid

  • What is this?
  • A high level snapshot is presented, showing money owed by patients’ insurance and money owed by the patients directly. The data is presented from most current A/R to the oldest A/R from right to left with a percentage following each Aging Bucket.
  • Keeping it Healthy
  • A/R is healthiest when the highest percentages are the most current.
  • Monitor for any changes in the total A/R and ask yourself.
  • Were more patients on the schedule or did I receive fewer payments?
  • Watch for any change to the percentages. Any increase in 0 to 30 is great, any decrease should cause you to investigate.
  • For More Information
  • Go to the Reports Menu to the A/R Aging Analysis Report for a grid with drill down information to see more about the outstanding charges.
  • Go to the Claims + A/R tab “All daysheeted claims (A/R)” and OP will display all outstanding claims. Use the dropdowns in the panel to isolate by Payer, Provider, Date Range and/or Location to work your A/R in sections.

Why is this Important?

The two Daysheet IDs that are listed below should match. If they do not, press Update to refresh your A/R information based on the most recent daysheet. To maintain the  most current Aging report, the 'Update' process should be run after running the last daysheet of the day.

Last Daysheet ID

  • What is this?
  • OP lists the identification number associated with the last daysheet the practice has processed.

Last Daysheet Processed for A/R

  • What is this?
  • This is the last daysheet that has been incorporated into your A/R reports.
Version 14.10

Overview

This section describes the A/R Aging information found on the A/R Summary tab of the Billing Overview.

Billing Center: Overview

Why is this Important?

An Accounts Receivable Aging report is a key metric in understanding the financial status of practice. It shows who owes money and for how long.

A/R Aging Grid

  • What is this?
  • A high level snapshot is presented, showing money owed by patients’ insurance and money owed by the patients directly. The data is presented from most current A/R to the oldest A/R from right to left with a percentage following each Aging Bucket.
  • Keeping it Healthy
  • A/R is healthiest when the highest percentages are the most current.
  • Monitor for any changes in the total A/R and ask yourself.
  • Were more patients on the schedule or did I receive fewer payments?
  • Watch for any change to the percentages. Any increase in 0 to 30 is great, any decrease should cause you to investigate.
  • For More Information
  • Go to the Reports Menu to the A/R Aging Analysis Report for a grid with drill down information to see more about the outstanding charges.
  • Go to the Claims + A/R tab “All daysheeted claims (A/R)” and OP will display all outstanding claims. Use the dropdowns in the panel to isolate by Payer, Provider, Date Range and/or Location to work your A/R in sections.

Why is this Important?

The two Daysheet IDs that are listed below should match. If they do not, press Update to refresh your A/R information based on the most recent daysheet. To maintain the  most current Aging report, the 'Update' process should be run after running the last daysheet of the day.

Last Daysheet ID

  • What is this?
  • OP lists the identification number associated with the last daysheet the practice has processed.

Last Daysheet Processed for A/R

  • What is this?
  • This is the last daysheet that has been incorporated into your A/R reports.