Use the COVID-19 section of your Practice Vitals Dashboard to see how the crisis is impacting your practice and what you can do to respond.
To log into your Practice Vitals Dashboard, select “Practice Vitals Dashboard” from the Reports menu.
Click on the new COVID-19 tab to review trends and metrics specific to your practice.
Graphs are based on weeks, going back to 2/17 as a pre-coronavirus baseline. Data points are updated live from your practice every morning.
COVID-19 has an effect on your practice’s charges and payments (cashflow), your visit volume, and how you see patients. The new dashboard section visualizes those impacts based on data from your PCC system, and it also provides explanations and ways to take action.
To see graphs and analysis based on data from pediatric practices around the country, visit The Business Impact of COVID-19 on Pediatric Practices.
Payment Projections for Your Practice
The COVID-19 dashboard includes short-term payment projections for your practice in the “Weekly Charges and Payments” graph.
The dashboard creates these projections based on your daily charges, your average collection rate (a ratio between payments and charges), and your typical A/R days (an approximation of how long it takes you to get paid for a charge).
Your actual collection rate may not match its historical value. As practices shift to more telemedicine visits, collection ratio may drop.
Note also that these projections only include charges your practice has posted for billing. If current circumstances lead to a delay in posting, your A/R days will climb. PCC recommends you post all charges and submit claims daily, and your practice can use the new Post Charges workflow in PCC EHR to speed up that process.
Visit Categorization Update
PCC recently adjusted the default categorization of visits for many reports. Just as you can now see data on your Telemedicine and Phone visit rates in your Practice Vitals Dashboard, you may also see those categories in financial and charge-based reports in the Smart Report Suite in Practice Management.
If your practice previously used a custom visit category configuration (in order to break out mental health visits, for example), we did not adjust your configuration for Practice Management reports. Contact PCC Support to make changes to report configuration for visit categories or any other configuration needs.