New Revenue Trend Dashboard allows medical billers to monitor practice financial health with integrated EHR and Practice Management System.
Among several recent additions to the Waiting Room Solutions EHR software is the Revenue Trend Dashboard, which allows practices to graphically monitor trends and summaries of past financial information recorded in billing reports.
Goshen, New York— Waiting Room Solutions® (WRS) (www.waitingroomsolutions.com), a leading web-based EHR and PM provider, has added an integrated Revenue Trend Dashboard into its Billing Module software.
The Revenue Trend Dashboard contains a summary of all information stored in the WRS billing reports. Trend charts are based on data that is collected when saved reports are run weekly, monthly, quarterly, or annually, and the trend report will include additional data as the newest saved reports are completed. Some of the many variables that can be graphed in trend reports are amount outstanding, amount charged, total patient transfers, interest, total adjustments and true charges. The charts created allow these values to be visually compared to one another and analyzed, making patterns and relationships evident in a way that they would not be when simply listed in separate files.
With the constant influx of information entering medical practices, it is not difficult for physicians and managers to become overwhelmed by the copious data they are expected to process. The Revenue Trend Dashboard simplifies this process by removing the busy work of sorting through and organizing financial data; practices can then allocate more time and resources to analyzing this information. Management will benefit from the critical business decisions and strategies created from the insights provided through this dashboard feature.
“Through the generated trend reports in the Revenue Trend Dashboard, practices will be able to examine patterns, discover relationships between different figures, monitor efficiency, and much more,” said Dr. Lawrence Gordon, founder and CEO of Waiting Room Solutions. “This new data source will prove itself to be invaluable when evaluating past practice performance as well as assessing the optimal strategic direction for the future. We are proud to integrate this feature into the WRS system and feel that it will be very beneficial to our clients.”
About Waiting Room Solutions
Waiting Room Solutions is the leading web-based provider of fully integrated EMR and Practice Management software solutions for over 32 medical specialties. Waiting Room Solutions seamlessly integrates all of the clinical and business functions required for healthcare providers, including: Electronic Medical Records, Revenue Cycle Management, Personal Health Records, electronic prescribing (ERx), scheduling, website creation and content management, messaging, fax, order tracking, and billing -- all at an affordable price. 2011 Waiting Room Solutions Web Based EHR and Practice Management System V4.0 is 2011/2012 compliant and was certified as a Complete EHR on January 11, 2011 by CCHIT. The 2011/2012 criteria support the Stage 1 meaningful use measures required to qualify eligible providers and hospitals for funding under the American Recovery and Reinvestment Act (ARRA). The system is also a CCHIT Certified® 2011 Ambulatory EHR. Waiting Room Solutions is a Surescripts® Solution Provider for its web-based Electronic Medical Record (EMR) and Practice Management System (PM) V4.0. The EMR and PM V4.0 is Surescripts certified for prescription routing messaging. It has been designed and built by successful medical professionals, who leveraged their expertise to help other healthcare providers with similar issues. Waiting Room Solutions continues to be recognized for its cutting edge technology.
More information on Waiting Room Solutions can be found at: www.WaitingRoomSolutions.com or by calling 1-866-WRS-4EMR.
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