ChartLogic has recently announced the launch of their highly anticipated Medical Billing Analysis Calculator that strives to be the most innovative medical billing calculator in the market. Most medical billing calculators only focus on a few basic metrics or on the ROI of using that medical billing service / revenue cycle management vendor.  In order to get an analysis, practice’s usually need a complete consultation.

ChartLogic is proud to launch their 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 is an example of how the calculator functions. It consists of a simple input section, which then calculates your practice’s billing analysis and displays the results side-by-side specialty benchmarks.

Inputs:

• Practice Specialty
• Annual Charges
• Annual Collections
• Total Outstanding A/R
• Outstanding A/R >120 days
• # of Annual Encounters
• Contractual Adjustments

Results:

• Avg. Reim. / Encounter (ARE)
• Net Collections %
• Avg. Monthly Collections
• Days in A/R (DSO)
• A/R % > 120 Days

ChartLogic’s main goal and specific focus for creating this calculator was to let practices calculate their performance with ease and at the same time take their performance results and compare them to other practice’s within the same specialty through MGMA standards. The calculator doesn’t stop there, it also provides a section within the results screen that displays your practice’s potential annual increase in revenue by choosing ChartLogic as your practice’s Medical Billing Service.

ChartLogic
chartlogic.com