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MPC Financial reports overview

A brief breakdown of the available reports in the financial section in My Practice Cloud.

Amber Morris avatar
Written by Amber Morris
Updated over a month ago

MPC Financial Reports Guide

Welcome to your guide for understanding and using the financial reports available in My practice cloud! Each report is designed to give you insights into different aspects of your practice’s performance—from tracking income and expenses to evaluating provider productivity.

Below is a quick outline to navigate the available reports. For each report you’ll find a brief overview of what the report covers, who it’s helpful for, and how to make the most of its data. Make sure you use the green 'Help' button at the top of each report in MPC to dig into the specifics of each report.

Associates Report

  • Overview: High-level financial summary of the total allocated invoices and adjustments for a period, with filters for patient or payor invoices, covering all adjustment types.

  • Key Metrics Covered: Earnings, payments, and any outstanding balances.

Associates Report Detailed

  • Overview: An in-depth view of associate performance with detailed transaction breakdowns, accessible via the drill-down or directly from the MPC financial menu.

  • Best For: Financial tracking and planning per associate.

Cash Sheets

  • Overview: Track daily practice takings, noting amounts banked and unbanked, and reconciles these against the Receipts Analysis report. Read more about MPC Cash Sheets on our help centre.

  • Ideal For: Ensuring accurate daily financial records and providing explanations for discrepancies where needed.

Debtors List

  • Overview: Provides a summary of outstanding balances owed to the practice, including details of overdue accounts. This report is key for identifying high-priority collections, and following up with overdue accounts to maintain healthy cash flow.

  • Useful For: Tracking overdue accounts and following up on receivables.

Income Report

  • Overview: Shows total revenue generated over a selected period, offering a snapshot of overall practice financial health. By monitoring income trends, you can gauge growth, plan for expenses, and identify seasonal revenue fluctuations.

  • Perfect For: Reviewing revenue trends and financial health.

Income by Provider

  • Overview: Breaks down revenue by individual provider, highlighting each provider’s contribution to total income.

  • Benefits: Understanding individual productivity and the financial impact of each provider’s services within the practice.

Invoice & Payment Report

  • Overview: Tracks all invoices issued and payments received within a chosen period.

  • Purpose: Crucial for ensuring payments are up-to-date, managing outstanding invoices, and spotting potential issues with collections.

Invoiced Work by Owning Dentist

  • Overview: Summarises invoices and adjustments by provider for a selected period, showing both patient and payor invoices.

  • Useful For: Tracking revenue generated by each provider, identifying patterns in patient and payor types, and assessing overall performance by practice.

Invoiced Work by Owning Dentist Summary by Month

  • Overview: This report extends the previous report by providing a monthly breakdown of invoiced amounts within a selected date range, rather than a single total.

  • Best For: Clear month-by-month view of provider revenue.

Private Performance Year to Date

  • Overview: Monitors revenue from private services for the year to date.

  • Ideal For: evaluating the growth of private services, allowing you to track performance against goals and adjust strategies as needed.

Product Sales Report

  • Overview: Offers an overview of product sales within the practice, detailing revenue generated from retail items.

  • Useful For: Monitoring the success of product offerings and identifying top-performing products.

Receipts Analysis

  • Overview: Summarises all practice receipts for daily and monthly totals, providing a clear view of cash flow.

  • Purpose: Essential for understanding income trends, payment methods, and identifying areas for financial improvement.

Receipts Analysis Detail

  • Overview: Provides a line-by-line breakdown of each receipt, including payment methods and specific details on each transaction.

  • Ideal For: Deep-diving into income sources and understanding the mix of payment types.

Revenue Per Hour Worked

  • Overview: Calculates income generated per hour of work by each provider. It’s a key tool for assessing individual productivity.

  • Best For: Measuring and improving efficiency and profitability within the practice.

Revenue Per Hour Worked Summary by Period

  • Overview: Provides a periodic summary of revenue generated per hour worked, allowing you to compare provider productivity across different timeframes.

  • Perfect For: Spotting trends and adjusting scheduling or productivity goals accordingly.

Making the Most of Your Financial Reports

Each of these reports offers a unique view into your practice’s financials. By regularly reviewing them, you can keep a close watch on revenue trends, associate performance, and practice growth. Whether you're assessing individual productivity or overall profitability, these tools are here to give you clear, actionable insights.

Remember if you want to see a snapshot of certain data points all in one place you can explore the Custom Dashboards within MPC.

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