juriz

PracticeWorks Version 8 - Who is Line Item Accounting For?

Discussion created by juriz Employee on Feb 28, 2017

If you haven’t read “Why Should Your Practice Use Line Item Accounting?” I’d recommend going back to that discussion. If you have read it, (thanks!) and read on.

 

Have you struggled to figure out how much each producer in your practice collected? Frustrated with the Cross Settlement report? Curious how a particular insurance company is paying for certain procedures? If you answered yes to any of these questions, line item accounting is for you.

 

As stated in the previous discussion, the primary use for line item accounting is paying producers based on collection with a secondary benefit of detailed payment reporting.

 

Based on feedback from the current beta testers, the feature is great and provides value to the practice. That said, the value comes at a cost. In this case, the cost is new workflow for any member of the practice that handles payments.

 

As we saw in the second discussion, How Line Item Accounting Works, a new screen appears when entering patient payments and the Receive Insurance Payment screen includes more functionality. How long you spend on these screens depends on how much distributions need to be customized. If the default distribution method is correct, a quick review and clicking OK moves you along.

 

As Matt Ackerman pointed out in reply to "Why Should You Use Line Item Accounting?", Line Item Accounting is optional. If the functionality adds nothing to your practice you do not have to turn it on. By default the feature is not activated when Version 8 installs. 

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