Medical Billing Reporting & Analytics - Summary and Insights
Achieve financial transparency with TMS Billing’s clear reporting: your all-in-one medical billing platform for AR aging, clean claims rates, payment postings, real-time denial tracking, and prior authorization management.
We provide you with clear insights into what’s going on with your claims, so performance tracking becomes easier.
Track Your Practice’s Financial Health with AR Aging Reports
AR aging reports break down unpaid claims into time periods (30, 60, 90, 120+ days), helping identify slow-paying payors and overdue accounts. We have experts for reporting, helping practices keep track of outstanding balances and improve cash flow.
Key Metrics Tracked in AR Aging
As part of our aging report in medical billing, we segment claims into aging buckets (30, 60, 90, 120+ days), and we help identify overdue payments and highlight slow-paying payors or patients for efficient follow-up.
Why AR Aging Reports Matter
Regular monitoring of AR aging reports helps uncover overdue payments and payor trends, reducing aging balances, and improving collections. This approach directly enhances your medical billing analytics.
Actionable Insights from AR Aging
With AR aging data, you can prioritize older claims and slow payors, optimize your follow-up strategy and improving overall collections performance.
Track and Optimize Cash Flow with Our Collections Report
TMS Billings delivers detailed medical billing reports that compare actual collections against targets, offering clear insights into your practice’s financial health.
- Tracking Collections Performance: Collections are assessed alongside expected targets, allowing your practice to understand revenue flow and adjust strategies for better financial outcomes through our accurate medical billing analytics.
Critical Metrics for Financial Success
We focus on total collected revenue, collections as a percentage of AR, and trends over time—key indicators for managing a steady cash flow.
Spotting Collections Bottlenecks
By analyzing your collections data, inefficiencies in the process are identified, enabling you to focus efforts on high-priority claims and accelerate payments.
Improving Cash Flow
With the right data in hand, strategies are implemented to refine billing processes, improve follow-ups, and maximize profitability.
Resolve Claim Denials with Actionable Insights from Our Denial Report
We focus on the critical details, like denial reasons, payor-specific trends, and claim status, so you can address root causes and improve your claim approval rates.
Understanding Denial Trends
Our denial reports track payor-specific denial reasons and categorize them by factors such as missing documentation or incorrect patient information. This data allows us to identify recurring issues.
Common Denial Categories
We highlight key denial categories that impact your revenue: coding mistakes, incomplete documentation, and inaccurate patient details. By focusing on these areas, we help you address the most frequent causes of denials.
Reducing Denials
With continuous denial tracking, we help your practice pinpoint inefficiencies in the billing process. By improving coding accuracy, we significantly reduce denials and speed up approvals.
Denial Resolution Strategies
Using the insights from denial reports, we create tailored strategies to address persistent issues. Our data-driven approach improves clean claims rates and corrects billing codes.
Provider-Level Insights: Boosting Practice Profitability
Provider-level reporting offers a detailed breakdown of each provider’s performance. TMS Billings provides administrators with the tools to track progress and ensure goals are met, using actionable analytics.
Tracking Provider Performance
We track individual provider performance, including collections and charge capture. This helps you pinpoint areas for improvement and drive better financial outcomes.
Key Metrics to Monitor
Our AAPC-certified billers monitor critical metrics such as collections per provider, coding accuracy, and approval rates to ensure optimal productivity and billing efficiency.
Improving Provider Productivity
At TMS Billings, we identify areas where providers may need additional support or training, allowing you to address issues proactively and improve overall productivity.
Incentive Programs
Performance reports can be tied to compensation models, rewarding providers for meeting billing and performance targets, aligning their goals with practice success.
Flexible, Customizable Reports Built for Your Practice
TMS Billings offers customizable medical billing reports that adapt to your practice’s unique requirements, from provider-level data to detailed collections tracking.
Tailored Reports for Your Practice
Our reports can be customized to track key metrics like provider performance or AR aging by payor, ensuring you get the information that matters most.
Real-Time Analytics
With real-time medical billing analytics, you can make quick, informed decisions, improving cash flow and financial outcomes as they happen.
Integration with Practice Management Systems
Our reporting integrates with your existing systems, ensuring easy access to accurate data and improving reporting efficiency.
Track Every Detail with Accurate Reporting
From first-pass clean claims rates to prior authorization tracking, our reports give you the clarity you need.
FAQs
Frequently Asked Questions
Do you have questions about our medical billing and coding company? Let’s help you out.
Do you only work with New York practices?
New York is the core focus. We also support surrounding states when a group has locations that cross state lines, for example New Jersey and Connecticut. The approach stays the same. Regional payor rules, portals, and workflows, not generic billing.
Do you handle New York Medicaid, both fee for service and managed care?
Yes. We handle New York Medicaid fee for service workflows tied to eMedNY, plus Medicaid managed care plan billing. That includes eligibility checks, claim status follow up, denials, resubmissions, and appeals.
What is eMedNY, and why does it matter?
eMedNY is New York’s Medicaid system for provider billing operations, reference material, and tools like claim status inquiry. If a billing team does not know how to work eMedNY correctly, you usually see it in slow claim fixes and aging A R.
We already have a workflow. What changes when we switch?
We merge into your existing workflow. If you want, we take specific steps off your staff’s plate while you keep control of the rest. If you want a full transition, we take the workflow over from the prior billers and keep it moving with minimal disruption.
Will you work inside our current EMR, PM, and clearinghouse?
Yes. Most practices want continuity. We work in your existing system and document the workflow so your team knows what is happening and where to look.
If you do not have a platform, or your current platform is controlled by a billing vendor and you cannot keep it, TMS can provide a platform so you are not boxed in.
If your practice prefers paper and superbills, we can run the workflow that way too.
