Total Collections
Formula: Sum of all Insurance Collections from submitted reports
Why Important: Shows your total revenue collected from insurance companies for the selected period.
Note: This represents actual dollars collected, not percentages.
Industry Benchmark: $10,000+ is excellent, $5,000-10,000 is good, below $5,000 needs improvement.
Total Denials
Formula: Sum of all Denials & Issues from submitted reports
Why Important: Shows total dollar amount of claims denied or at risk. Lower amounts mean better claim preparation and coding accuracy.
Industry Benchmark: Below $1,000 is excellent, $1,000-2,000 is acceptable, above $2,000 needs attention.
Days in Accounts Receivable (AR)
Formula: Average of all "Days in AR" values from submitted reports
Why Important: Measures how quickly you collect payments. Lower days mean better cash flow and reduced bad debt risk.
Industry Benchmark: 30 days or less is excellent, 30-45 days is good, above 45 days needs improvement.
Daily Collections
Formula: (Total Collections รท Number of Days with Reports)
Why Important: Shows your average daily collection amount. Higher daily rates indicate better cash flow and more consistent revenue.
Industry Benchmark: $1000+ per day is excellent, $500-1000 is good, below $500 indicates cash flow issues.