WinOMS: Insurance Carrier Plan Financial Analysis Report Breakdown

Document created by paula1 Employee on Jul 14, 2017
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LY Charges
Charges that were billed to the insurance plan in previous year.

YTD Charges
Charges that were billed to the insurance plan in current posting period.

LY Receipts
Payments posted toward that insurance plan in previous year.

YTD Receipts
Payments posted toward that insurance plan in current posting period.

LY Adjustments
Adjustments posted toward that insurance plan in previous year.
NOTE: The adjustment are going to only reflect adjustments with the source marked as insurance.

YTD Adjustments
Adjustments posted toward that insurance plan in current posting period.
NOTE: The adjustment are going to only reflect adjustments with the source marked as insurance.

LY Revenue
Revenue based on insurance plans charges minus receipts and adjustments in previous year.
NOTE that this balance does not reflect an amount that is due from this insurance co. The remaing balance could have been billed to secondary insurance, paid or billed to the patient or even written off. To verify outstanding balances check the insurance A/R report.

YTD Revenue
Revenue based on insurance plans charges minus receipts and adjustments in current year.

% Inc.
Is the increase or decrease in percentage from LY to YTD numbers on each column.

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