What is Reporting and Analysis?

What is Reporting & Analysis - What it Means for Your Practice 

As a doctor, you focus on treating patients, but do you know how your practice is doing financially? Reporting and analysis help you understand where your money is coming from, what’s missing, and how to improve cash flow.

1. Reporting – The Financial Health Checkup

Think of reporting like running lab tests on your practice’s finances– it gives you clear data on how things are going. Some key reports include:

• Revenue Reports: How much money is coming in from insurance and patient payments?
• Claim Denial Reports: How many claims are being rejected and why?
• Aging Reports: How long has money been sitting unpaid, and who still owes you?
• Productivity Reports: How much revenue each provider is generating.

Why it matters:

These reports help you see problems early, like missing payments or high denial rates, so they can be fixed.

2. Analysis – Turning Data into Action

Once you have reports, the next step is analysis – figuring out what they mean and how to improve. This includes:

• Identifying Trends: Are insurance payments slowing down? Are patients struggling to pay?
• Fixing Issues: How can we proactively prevent claim denials?
• Optimizing Revenue: Spotting ways to increase collections and reduce financial losses.

Why it matters:

At AFMB, we don’t just give you numbers – we help you understand what to do next to maximize your revenue.

Bottom Line: 

Reporting tells you what’s happening with your billing. Analysis tells you how to fix problems and make more money.

Gain Clarity on your Practice’s Financial Health

Take the first step toward smarter decision-making with a free virtual consultation. 

Discover how our Reporting and Analysis services can unlock new opportunities for growth and efficiency in your practice.