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Report by Billing Date

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We were told by our practice management vendor that we should always run our financial reports by the billing date instead of the date of service. Why would running a report on charges, for example, be better by billing date as compared to date of service?

Question: We were told by our practice management vendor that we should always run our financial reports by the billing date instead of the date of service. Why would running a report on charges, for example, be better by billing date as compared to date of service?

Answer: Well, the main reason is that industry benchmarks typically use date billed. For example, the Medical Group Management Association measures days in A/R from date billed. Of course, this leaves open the possibility that you are creating delays by not submitting claims promptly, but you should be doing so automatically.

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