Many dental practices have issues when it comes to reporting. They either can’t decide which reports to use, don’t know how to interpret the data, or don’t understand how often to run reports. As a result, the financial health of the practice suffers.
In her webinar, “5 Must-Have Reports to SEE Your Success”, Katie Nielsen shows you the 5 reports you should be running to evaluate the overall health of your practice.
The Production Trends -Chart is important because it evaluates your production trends by specialty. This report displays net production over the past 12 months for each type of provider, according to the providers’ selected specialties (such as dentists or hygienists). Read this article to see how to run this report. It is recommended that you run this report quarterly.
The Collection Detail Report is important because it helps you see how much you actually made. This report displays collections by month and year for each provider over the past 12 months. Read this article to see how to run this report. It is recommended that you run this report monthly.
The Scheduled Production by Month Report is important because it evaluates your future production compared to your past production. This report displays a production chart for scheduled appointments for the current month, the previous three months, and the upcoming three months for each provider. Read this article to see how to run this report. It is recommended that you run this report monthly.
The Insurance Utilization Report is important it evaluates your profitability for each insurance carrier. This report displays production, write-off amounts, and collections from insurance carriers for the previous 12 months. Read this article to see how to run this report. It is recommended that you run this report quarterly.
The Provider A/R Totals Report is important because it identifies how effective your collection efforts are. This report displays total accounts receivable, total production, total collections, and a ratio (%) of collections to production. The report can also include unapplied credits. Read this article to see how to run this report. This additional article will help you with the interpretation. It is recommended that you run this report monthly.
Katie Nielsen has been a Dentrix Ascend Trainer for six years, and before that, she was a Dentrix trainer for 18 years. She received the Dentrix Ascend “Trainer of the Year” award in 2016 and the Dentrix Ascend “Spirit Award” in 2018. Throughout 2020, her webinars and one-on-one trainings have helped hundreds of offices use Dentrix Ascend better to improve their cash-flow and patient relationships.