Gain accuracy and intelligence in your revenue, receivable, and cash reporting.
This sophisticated offering provides users with the accurate measurement of the true net collectible value of receivables and an appropriate stating of revenue. Additionally, this state-of-the-art software produces estimates for unrecorded contractual allowances and bad debt calculations – dramatically reducing miscalculation of estimates, due to volatility in payer mix, service mix, and acuity. All while evaluating prior receivable balances and subsequent cash liquidation to clarify the impact of current revenue, and changes in prior period revenue.
Detailed data can be quickly exported and compared to General Ledger balances to make month end ledger reconciliations easy to generate. Furthermore, all valuation results are saved in a snapshot format and measured against subsequent receipts and other activity allowing for audit visibility, all before an audit commences.