Financial Reporting & Analysis Services
TexMed Revenue provides you with a customized financial reports package that allows you to closely track your practice’s financial health. It also shows you how effective we are at capturing your money!
We meet with you and your selected staff to personally review each report and answer your questions. Our informative medical billing reports are clear, concise, and easy to read and can be customized to meet your specific needs for financial analysis, including comparison to national averages.
We provide daily, weekly, and monthly reports, thus keeping you updated on all aspects. Once you are our valued client, we can give you customized reports. Our comprehensive reporting helps in:
- Diagnosing the health of your practice
- Monitoring real-time claim status
- Proper financial analysis and comparisons
- Tracking payments from insurance
Daily Reports – include daily call status, daily billing status, collection receipts, gross AR on that date, total value of insurance receipts, and write-offs. We provide all information on what is necessary to run your daily operations smoothly.
Weekly Reports – include a daily and weekly call status, daily and weekly billing status and collection status. We also provide information on what is necessary to run the weekly operations. A bi-weekly telephone meeting can be conducted to evaluate progress.
Month-End Reports – These allow us to assess the momentum that has been achieved in a month and/or see where there is a pattern of nonpayment. Monthly meetings and on request, video conferencing will be conducted.