CPR+ Revenue Analysis with Averages

When you need to report your revenue, a standard revenue report will do.  If all you are trying to do is get the revenue numbers to close the month, a standard revenue report will do.  The standard revenue reports available within the CPR+ system are to the left. 

However, if you need to analyze your revenue to determine why revenue is up or down (or how to make it go up or keep from going down), you need more than a standard revenue report.  Rock-Pond has developed two powerful revenue analyzers to help you see exactly what is happening.   The power is in the ability to group by up to 9 different key data items (Payor Type, Payor, HCPCS Code, State, Type of Claim, Billed Month, Revenue Code, Therapy and Patient) in up to 3 different grouping levels.  Although not every grouping option would make sense, this is over 700 different ways to print a report. 

The revenue analyzer with averages takes the ability to analyze, trend and compare groups to another level by providing an average revenue per day, calculated by using the number of days on the invoice.  For the first time you can compare the average revenue per day for different payers for each HCPCS code you bill. 

This example will help you see how different payers are paying the same product.  If you want to see how the reimbursement for specific payers has changed over time you could refresh the report and group by billed month within payer within HCPCS code.  The ability to spot trends and see variances will alert you to issues that need to be attended to.  They might be issues in your system setup, the accuracy of your billing staff or the viability of the payer contracts you have.  Regardless, if you are using standard revenue reports you may never know why your revenue is not what you expect it to be.

Complete Report Sheet for Rock-Pond Revenue Analyzer Reports.