Business Management

Make Informed Decisions

The TELCOR Revenue Cycle Management system provides daily monitoring, AR aging, metrics and general ledger reporting that keep you informed of the current status of your business.

Stay on top of your business' status with TELCOR's Revenue Cycle Management software. Generate real-time data and reports to make informed business decisions.

The business management functions are designed to allow you to search, filter and group data to meet your current business status question (e.g., which clients are providing the most revenue, what territory provides the greatest volume, what department has the highest expected reimbursement, what the test mix is by each pathologist, what payments have been received by payer and on and on and on).

After the search, filter and grouping are selected, all data is retrieved and presented in a grid to allow further sorting, filtering and exporting to Excel. If you are an enterprise that has deployed the application for multiple companies (revenue centers), then data can be presented by company or enterprise. If you want real-time data presented the way you want it to make informed decisions, not waiting until nightly or monthly processes are performed, then this solution is for you.

 

Aging

Aging intervals, the maximum interval and the date to utilize for aging is customized per request to better manage outstanding AR.

Easily monitor and manage the outstanding claims submitted to payers for reimbursement by financial class and payer.
Easily monitor and manage patient responsibility AR by financial class.
Use sorts and filters to monitor and manage AR that is at patient and/or payer responsibility.
Monitor and manage the AR for all patient accounts in one easy view with options to filter to account AR by patient and/or payer responsibility, payment plan AR or bad debt AR and supplemented with tools to assign and manage collections.
Monitor and manage the AR process for all client accounts in one easy view with options to filter AR by client or bad debt AR with tools to assign and manage collections.

 

Metrics
Provides statistical presentation of errors requiring correction by client or ordering provider to prioritize remedial action based upon clients that are causing inefficiency in your operations.
Allows the statistical financial period comparisons over user selected time frame of revenue or expected reimbursement, as well as quantity for user selected data groups, filters and sorts to model impacts of service changes.
Allows statistical financial period comparisons over user selected time frame of payments received.
Allows statistical financial period comparisons over user selected time frame of refunds generated.
Allows statistical financial period comparisons of small balance and bad-debt write-offs.
Allows the business office to review totals per GL Account per financial period.
Provides the ability to review the entire system’s balances by primary GL Account by account and for client data. This feature eliminates the need to generate the GL Data Capture for all dates and streamlines GL Data Capture to only capture the period or fiscal year in use.
Provides financial period comparisons over user selected time frame of service utilization based upon filters and sorts selected.

 

Daily Reports
Provides a daily view of changes in AR with a snapshot of revenue, payments, adjustments, refunds, interest, amounts transferred to bad debt and the ending AR balance for a day.
Allows management to monitor transactions that cannot be billed due to error conditions (e.g., missing diagnosis) and assess the estimated amount of revenue in error.
Allows management assessment of the dollars in appeal by level and payer and who is assigned to the appeal.
Allows management to review the daily cash posting.
Allows management to easily determine volume and revenue posted for billing by financial class, department and date range, as well as a review of transactions currently in rules processing with estimated revenue in process.
Review of transactions that are No Billed for management assessment.
Allows management to review all bad-debt and small-balance write-offs that have occurred within the billing system.