Stay On Top of Practice Performance

Our software also has business analytic tools that are designed to help you keep up with the latest standards for your specialty. Stay on top of everything from authorizations to remittances. Our medical billing coding system has a wide variety of tools that will surely boost the performance of your practice.

Reporting Capabilities

MedClarity gives you transparency and complete control to your profit cycle with its endless reporting proficiency. The report dashboard contains preset and saved reports. It also displays many types of medical billing and coding reports. Within each category are many choices to narrow down and create the exact report you require. Reports can be generated in both summary and detailed views as well as exported to PDF and excel formats.

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Practice Wellness Report

MedClarity generates a practice wellness report on a monthly basis. The PWR report is downloadable and provides an extensive view into the financial state of your practice without having to run multiple reports. Included is a 4 month snapshot of your practice and revenue metrics as well as a comparison based on the standards for your specialty. This report also contains a detailed analysis of your reimbursements, top payers, account receivables, and denials.

RVUs

Relative Value Unit (RVU is a great barometer of practice productivity and patient complication. It can provide considerable comprehension of a group’s performance. The MedClarity Practice Management System automatically does the RVU calculations for your pracitice. Our software provides complete analytics and reports to see the itemized breakdown of the physician’s compensation and the practice’s coherence. RVUs are a way of measuring and comparing the productivity of physicians. It gets rid of variables such as fee schedules or geographical costs. Most practices multiply the RVUs for services provided by a conversion factor to establish all or part of a physician’s compensation.

Types of RVUs

  • Physician work RVU includes the time and clinical skill necessary to treat patients during an encounter.
  • Practice expense RVU includes labor cost and expenses for real estate, equipment, and supplies.
  • Professional liability insurance expense RVU includes the cost of malpractice insurance premiums.

Perspectives Business Analytics Tool

The MedClarity Perspectives Business Analytics Tool gives you an in-depth insight into your practice revenue. You can easily a report, choose from different category or operational areas of your practice. Depending on the selected category, a variety of criteria will appear, which you can drag and drop to utilize as filters, or items in a series. Additional options can be selected for your report. Data can be displayed in both chart and grid form and even exported in excel.

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