Month End: Paid Claims by Financial Class by Visit

The Month End Paid Claims by Financial by Visit report helps clinics understand the amount collected from insurance companies by insurance class or clinic. This report only contains data for visits that have been fully paid, meaning the charges = payments + adjustments. This provides better insight into overall reimbursement rates.

Note: This report is a static snapshot of your billing data taken when the month was closed. It is captured after all Month End procedures are completed in WebPT Billing. Any changes will be reflected in the next month's data.

Run the Report

Navigate to the Month End Reports menu and select Paid Claims by Financial Class by Visit.
Indicate the Company, Month, Year, and Location you want to analyze, then click Search.
This report displays claims broken down by Financial Class and Visits.
Note: The entire visit must have a balance of zero to be included.

Column Descriptions

InsClass Code: The identifier assigned to the insurance class
InsClass Description: The name of the insurance class
Location: Name of the Location where the patient was treated
Visits: The total number of fully resolved visits where the charge amount = payments + adjustments
Charges: The total amount billed for the selected month
Payments: The total insurance and patient payments for the included visits, by deposit date
Adjustments: The total insurance and patient adjustments for the included visits, by deposit date
Charge Per Billing Visit: The average dollar amount charged per visit
Payment Per Billing Visit: Average dollar amount paid by the insurance and patients. This is an average of the last six months of data.
Adjusted Amount Per Billing Visit: Average dollar amount adjusted off by the insurance and for the patient per visit
Collection %: Calculated using the formula (Payments/Charges)