There is a wide range of very informative reports that you can run with your Dentech practice management software. Utilizing the information from your reports effectively keeps your team on top of your productivity. With so many different options, what is best to use when? In this 3 part series, we will be showing you 3 types of our most informative reports for maximizing practice efficiency: financial reports, patient reports, and staff reports.
These reports provide information on your clinic’s financial performance, including revenue, expenses, and profitability. You can use these reports to track your clinic’s financial health, identify areas for improvement, and make informed business decisions.
A payor A/R report can provide a number of important pieces of information about a dental practice’s financial status, including:
- The total amount of money that the practice is owed by payors.
- The amount of money that is overdue, or past due.
- The average length of time it takes for the practice to receive payment from payors.
- The percentage of total A/R that is overdue.
- The number of claims that have been submitted to payors but have not yet been paid.
By reviewing a payor A/R report, your dental practice can identify any issues that may be causing delays in payment and take steps to resolve them.
By running a production report, you can identify trends in the types of services that are being provided to your patients and the associated revenue generated. This can help you identify areas where the practice is doing well and areas where it may be able to improve. For example, if a lot of revenue is generated from preventative services, you may want to focus on promoting these services to your patients. On the other hand, if your practice is not generating much revenue from a particular category of services, you may want to consider whether you are offering the right mix of services to meet the needs of your patient demographics.
An incomplete work report is a report that lists all of the treatments or procedures that have been started but not yet completed at your dental practice. This report can provide important information about the efficiency and productivity of the practice by helping you identify any bottlenecks or delays in the treatment process so you can take steps to address them. It also monitors the progress of treatment for individual patients and ensures that they are receiving timely care.
Next: Patient Reports
Dentech’s practice management software offers a wide range of customizable reports you can use to better operate your business. In the next part of our series, we explore the patient reports that provide you with more details about who your patients are, so your team can identify trends and opportunities for providing better care.