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In today’s economy, providers face a tough challenge in balancing appropriate reimbursement for their health care services while maximizing their one-on-one time with their patients. Streamlining patients’ visits and enabling them to have the most time with their provider (rather than waiting around, filling in paperwork or lining up to settle their co-pay) solves one of those challenges. This can be facilitated by using the reporting tools available within your practice management software system, and tracking patient flow to eliminate bottlenecks, as we’ve mentioned before in this blog. The reporting and analysis function within a PM system can also help with the other side of the conundrum – declining reimbursements. Rather than accepting lower reimbursements for your most common procedures, a recent article in Medical Economics suggests being a little more assertive with insurance carriers and presenting them with a report comparing dollar amounts offered by each payer for a procedure to start the renegotiating process. Harnessing the power of reporting to assess your operational and financial challenges makes good business sense any time, but with a shaky economy, it may be even more vital for your practice.