System for analyzing revenue cycles of a facility

摘要

The present disclosure provides methods and apparatus for analyzing the revenue cycles of a facility to more accurately predict future financial performance. Using the methods and apparatus disclosed herein, accountants and financial planners are given forecasts of future accounts paid based on current accounts receivable and past accounts paid.

主权项

1. A method of tracking a financial status associated with a health care facility, the method comprising:
receiving with a computer a first account receivable value; receiving with the computer an actual payment value associated with the first account receivable value; comparing the actual payment value and the first account receivable value using the computer to determine an actual realization amount; receiving with the computer a second account receivable value subsequent in time to receiving the first account receivable value; calculating with the computer a net receivable value for association with the second account receivable value, the net receivable value calculated using the second account receivable value and the actual realization amount; calculating an expected unrealized value with the computer, the expected unrealized value being a difference between the net receivable value and the second account receivable value; calculating an expected reserve amount for the health care facility with the computer by summation of a reserve value and the expected unrealized value, wherein the reserve comprises expected charity care and expected discounts, and the expected reserve amount forecasts a reserve shortfall or surplus for financial planning of the health care facility; generating a display with the computer that is indicative of the expected reserve amount; and communicating the display to an output device via an interface device included in the computer.