The Big Picture with the Executive Summary Report
Updated August 17, 2026
Originally Published November 11, 2024
Ever feel like you’re drowning in data (or lack of) while trying to keep tabs on your healthcare practice’s finances? We’ve all been there. That’s why OpenPM’s Executive Summary Report exists: to give you the big picture of your practice’s financial health.
This trending report shows billers and managers where they’re heading in the right direction and where they’re heading in the wrong direction. “The Executive Summary Report brings up the questions you may not think to ask,” according to Mike, the head of our data analyst team. “Is there an issue with charge entry leading to rejections? Are claims not getting billed in a timely manner? The metrics on the report touch on key areas of the RCM cycle, and the monthly trend allows you to really tell if you’re making the right improvements.”
A Snapshot in a Snap
The Executive Summary Report lays all your crucial financial information in front of you. It gives you an overview of revenue, monthly production totals (think visit counts), and Key Performance Indicators (KPIs), all packed into a tidy 12-month breakdown. It’s your whole financial overview in one place, no digging required.
It’s all designed to help you focus on what matters: keeping your practice running smoothly and efficiently without sweating the small stuff.
The KPIs That Matter Most
If there’s one thing the Executive Summary Report excels at, it’s showcasing the performance KPIs that matter most to you. Clean claim rate? Check. Net collection rate? You got it. Charges billed within 48 hours? Absolutely. These metrics give you a clear view of how efficiently your practice is operating.
Curious about where your Accounts Receivable (A/R) is trending? No problem. Want to know how many encounters you had last month? It’s in there. With KPI checkboxes, you can easily pick and choose the metrics that matter most to your practice, making it easier than ever to get a tailored view of your performance.
Simplified for Success
You don’t need to be a math whiz to benefit from this report. Once you’ve set it up, it’s as simple as hitting “Run,” and your data is ready to view in the Reports Module. Do you need to revisit it later? No sweat. It’ll be waiting for you in Report History.
But here’s where it gets really interesting. This report doesn’t just throw numbers at you; it helps you ask the right questions. Notice your clean claim rate taking a dive? Are net collections slowing down? The Executive Summary Report points you in the right direction so you can dig deeper, compare metrics month over month, and see where the action is needed.
Payer Insights at Your Fingertips
Ever wondered how different insurance groups impact your bottom line? The Executive Summary Report breaks down your financial activity by Claim Filing Indicator (CFI). This lets you compare different insurance groups and see how each one is impacting your business. It’s like having X-ray vision into which payers are quietly costing you.
Want to go a step further? Use this data to track your year-over-year financial activity and start spotting trends. Celebrate your wins and catch the problems while they’re still small.
Automation Makes It Easy
Love efficiency? (Who doesn’t?) You can schedule the Executive Summary Report to run automatically when you close your month, so it’s ready and waiting when you are. Just set it and forget it. Your financial data will always be up-to-date, giving you a consistent snapshot to compare month after month.
Are You Ready to Run?
So, why keep flying blind? The Executive Summary Report is your high-altitude view of your practice’s financial health, showing you where to zoom in when you need to. Whether you’re keeping a close eye on trends or just want a quick monthly snapshot, it’s got your back. Set up your custom report today, and get a clear read on your practice’s financial health every month.
