Waiting for month end is too late. As is providing feedback to the Revenue Cycle on key line items on the income statement that require improvement such as Contractuals and Bad Debt Expense. Moreover, the Top Line View by Facility or Enterprise limits the Team on knowing ‘where to attack’.
To address this business problem, Excalibur creates a Payer Level income statement that is executed more frequently (bi-monthly, weekly or daily as desired), essentially performing a ‘month end close at any time, at a deeper level’ to reduce surprises and allow Finance and Revenue Cycle to influence the Income Statement outcomes ‘before they happen.’
