Most medical billing calculators out there today only focus on a few basic metrics or on the ROI of using that medical billing service / revenue cycle management company. In order to get the analysis your practice needs, a complete consultation is usually required.
However, ChartLogic is proud to launch it’s interactive Medical Billing Analysis Calculator that not only gives you the key billing metrics, but also compares those results to MGMA benchmarks for your practice’s specialty. Below are the calculator’s inputs and results.
Total Outstanding A/R
Outstanding A/R >120 days
# of Annual Encounters
Avg. Reim. / Encounter (ARE)
Net Collections %
Avg. Monthly Collections
Days in A/R (DSO)
A/R % > 120 Days
ChartLogic also provides the potential annual increase in revenue by choosing ChartLogic Medical Billing Services, but the main focus of this calculator is to let practices see not only how they are performing, but also how they measure up to MGMA standards for that particular specialty.
The calculator can be accessed by desktop or mobile devices and clearly shows how the practice is performing by highlighting if they are above or below the specialty standard. When a visitor completes the calculator, the results will also be emailed to the provided email address, giving access to the results at any given time.
After submission, the viewer can alter the inputs or request to learn more and talk to a ChartLogic Billing Expert.
To launch the interactive medical billing calculator, click here.