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Medical Billing, Inc.
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Analyze the Financial Health of YOUR Practice
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Establish your:
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Total PAYMENTS, ytd (year to date)
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Total CHARGES, ytd
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Total ADJUSTMENTS, ytd
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Calculate your ADJUSTED CHARGES:
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(Use the form below as a guide for your own information.)
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Total CHARGE, ytd
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LESS Total ADJUSTMENTS, ytd
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EQUALS Total ADJUSTED CHARGES
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Calculate Your NET CASH FLOW:
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Total PAYMENTS RECEIVED, ytd
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DIVIDED by Total ADJUSTED CHARGES
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Then MULTIPLY the result by 100
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EQUALS NET CASH FLOW PERCENTAGE
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Practice should strive for 100% cash flow.
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Calculate ACCOUNTS RECEIVABLE OUTSTANDING:
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Total ADJUSTED CHARGES, ytd
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LESS Total PAYMENTS RECEIVED, ytd
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EQUALS A/R OUTSTANDING
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Calculate ACCOUNTS RECEIVABLE RATIO:
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Total CHARGES for current month
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LESS Total ADJUSTMENTS for current month
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EQUALS ADJUSTED CHARGES
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Total ACCOUNTS RECEIVABLE
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DIVIDED by ADJUSTED CHARGES
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EQUALS ACCOUNTS RECEIVABLE RATIO
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Practice should strive to achieve 1.5 to 2.0 or less.
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1 Point = 30 Day Turnaround Time
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(=)
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$ _________________
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$ _________________
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$ _________________
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$ _________________
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(-) $ _________________
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(=) $ _________________
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$ _________________
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(:) $ _________________
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$ _____________X 100
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(=)
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$ _________________
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(-) $ _________________
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(=) $ _________________
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$ _________________
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(-) $ _________________
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(=) $ _________________
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$ _________________
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(:) $ _________________
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Home
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Physicians
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DME
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Cost
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Claims
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About Us
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VIP Links
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How can I improve these figures?
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Click and see why outsourcing will help.
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Click and see how electronic billing is better than paper.
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Click and see what services we offer your practice.
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Click, complete the information, and get a quote!
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Click and send us an E-mail.
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Just pick up the phone and call ... (409) 786-4526
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This page Copyright © 2001 Texas Star Medical Billing, Inc. SM All Rights Reserved
tsmbilling.com domain name is trade marked SM, All Rights Reserved
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SM
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TM
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