How Unified Revenue Reporting Powers Financial Health in Physician Practices-How Unified Revenue Reporting Powers Financial Health in Physician Practices

Video Transcription

Video Summary

In this webinar, Suzanne Crocker and Allison Hart from Encoda discuss the importance of actionable reporting in medical practice revenue cycle management, beyond basic charts and data exports. They highlight how typical practice systems provide fragmented data, leaving billing teams reactive rather than proactive. Encoda’s platform offers comprehensive, real-time revenue transparency by integrating practice management data with electronic claims and transactions, enabling users to identify delayed revenue, underpayments, and revenue risk efficiently.<br /><br />Suzanne demonstrates various Encoda reports, including financial health overviews, monthly collections versus goals, charge and payment trends by provider, payer mix analytics, aging reports with drill-down detail, and adjudication reports to track denials and contract reimbursements. The platform features AI-driven tools like CoPilot and Analyze that help users quickly interpret trends and create executive summaries, significantly reducing manual analysis time. Users can customize views, set filters, and save bookmarks for regular monitoring.<br /><br />The reports update nightly and are designed to be reviewed daily or weekly, fostering familiarity and quicker identification of issues. Encoda also offers back-office tools to streamline workflows and accelerate revenue posting. Attendees are encouraged to schedule platform previews and access additional resources like an ebook for deeper insights. The session underscores the value of integrated, actionable reporting for optimizing practice financial health.

Keywords

Revenue Cycle Management

Actionable Reporting

Encoda Platform

Medical Practice Billing

AI-driven Analytics

Financial Health Reports

Revenue Transparency