At the end of each day, you will want to run a report to "close" the books for the day. There is a report within DrChrono that will allow you to verify that the money in hand to deposit in the business bank account matches the amount that was posted to patient accounts during the workday.
If the two figures do not match, the issue could be a couple of different things:
- Maybe there is a payment(s) that were not posted
- Perhaps something was posted twice
- Maybe there was a typo in the dollar amount that was entered
It's much easier to correct these issues the same day rather than waiting for the next billing cycle or the patient's next appointment.
- The Day Sheet will show you what has been posted (charges, insurance/patient payments, and insurance/patient adjustments) for a particular day or a date range. You can specify other parameters including the office and even the exam room. The information listed is in real-time, so it can change as charges are placed on appointments and ERAs/EOBs are posted if it fits within the parameters you selected.
The Day Sheet can be found by navigating to Billing > Day Sheet.
Once inside the report, you will have additional filters available. The red box indicates where you can specify a date range (from a single date to a max of 31 days). Once you have selected your options, click on the blue Update on the right, and the information will populate for you.
The information will display as a summary, like an example below. The default is set to land on the Grand Totals tab. You can see at a glance 4 key metrics:
- Debit - Amount of charges posted for the specified parameters (date/office/exam room)
- Credit - Amount of insurance payments posted for the specified parameters (date/office/exam room)
- Adjustment - Amount of adjustments posted for the specified parameters (date/office/exam room)
- Patient Payment - Amount of patient payments posted for the specified parameters (date/office/exam room)
For detailed information in any of these categories, just click on the blue tab that corresponds to the information you are seeking. Each will bring up all of the details (patient, date of service, amount, etc) that make up the amount shown on the summary Grand Total tab.
You can print or export the report by clicking on the green Action button on the right.
Any exported report will generate and be available in your message center.
The amount shown in the Credit box should match all insurance ERAs and EOBs that were posted on the date selected. If it does not, you can see a breakdown of the payments by clicking on the blue words Credits and Adjustments. You can use the information here to look for discrepancies. If it's easier, you can also export the information to MS Excel by clicking on the green Action button and selecting Export Current Section.
The same applies to the amount shown under Patient Payment. It will include all credit card as well as cash/check/money order payments, so you may need to export and sort the information to balance multiple users.