The Revenue Summary Report displays an estimate of total revenue generated on a monthly basis through the automated medSage program. This estimate is the shipped order totals by supply category multiplied by an average reimbursement amount. Return on investment can be tracked by viewing this report; however, it shouldn’t be used for an accurate financial analysis. The report is provided as a tool to track revenue trends from the automated program. The accuracy of this report at any point in time is dependent upon each company’s individual order confirmation process and the timeliness of billing data updates sent to medSage.
The first table shows the average reimbursement rates for each line item. The figures have either been provided to medSage by each company or represent the default Medicare floor amounts. If the numbers should be changed, contact medSage’s customer service team to discuss adjusting the numbers.
The second table shows average revenue figures. The report is broken down by line item and by month for the current year. (Prior years can be viewed by using the drop down menu at the top of the report.) The report is updated each time billing data is sent to medSage. The dollar amounts are generated by multiplying the total number of each line item shipped with the average reimbursement rate amount listed in the table above.
Select “Download” to download a spreadsheet, which can be opened in Excel.
This report is affected by data filtering on the application. If a filter is currently turned on, the filter icon will appear green in the upper right hand corner of the screen. Clicking on “Advanced Filters” to navigate to the Data Filtering page to change or remove filters.
This report only updates upon the receipt (and processing) of new billing data. Figures on the report may update after the month ends due to the timing of when billing data has been received with confirmed orders for that month.