Revenue Retriever provides a set of straight-forward reports, as well as access to in-depth analytical data. Together we use this to identify the greatest opportunities for addressing misbilling and to provide management with insights into the return on investment that has been achieved.
Even before you have rolled out Revenue Retriever into your clinics, its analytical capabilities can help you gain insights into the nature and scale of misbilling in your organisation.
As a first step Revenue Retriever can analyse your invoicing data to identify misbilling hotspots. We will report back on where missed billing is costing you the most, including estimates of how much you can realistically expect to recover month-on-month.
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Once Revenue Retriever is integrated into your Provet Cloud practice management system, it keeps detailed records every time it prompts a vet to add missing items on to a customer invoice. When extra items are added to a customer bill, as a result of Revenue Retriever’s intervention, this additional revenue is recorded so you can see the total gain in your management reporting.
As well as the bottom line increase, Revenue Retriever provides reports and data around billing compliance at the group, regional, clinic and individual level. It can also report on where its recommendations are being ignored.
All of this data and analysis is available through a set of standard reports or an API. We also offer bespoke reports to support your specific requirements.
Once your staff have become accustomed to Revenue Retriever and its reminders, it is easy to add additional checks to recover missed revenue in more areas.
At any time, we can re-run its learning algorithms and propose new Revenue Retriever rules to check for missing products and services. As with the initial analysis, the decision whether or not to implement each rule is based on hard data; in each case Revenue Retriever provides figures for the expected revenue gain and current degree of compliance.
If would like to know how much revenue you are losing due to billing errors, please get in touch; we’ll be happy to discuss the options for auditing and reviewing with Revenue Retriever.
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