MedLook Weekly Tip For 12/15/2006

The Patient sub-folders include six (6) folders that show Total Aging:  Total Aging, and Total Aging X-Y (X-Y is 0-30, … 120+).  The Total Aging folder begins the aging computation the moment you click on the folder.  All accounts are aged but only non-zero accounts will be displayed.  The information computed and displayed includes:  the account balance, 30, 60, 90, 120, 120+ day aging, and basic patient contact information.  The aging values are a combination and total of all amounts due from all payors.  This means the insurance and patient aging is all lumped together for this report (others separate them).  Totals are computed in the footer for each column of data.

Below is a view of Total Aging.

The Total Aging 0-30, Total Aging 31-60, Total Aging 61-90, Total Aging 91-120, and Total Aging 120+ are aged according to their respective date ranges.  They show much of the same information as Total Aging but aside from the obvious date range restriction there is another significant difference.  The computed aging is a result of the expected amount due from each respective payor.  This means the aging is divided into categories/columns for the total, primary insurance, secondary insurance, patient, and other.  Aging in this manner provides the most flexible reporting and can be useful in many ways.

Below is a view of Total Aging 0-30.

These folders can be very useful during a financial analysis of your business.

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