Use Financial Target Management to set your overall revenue targets per practice, broken down by payor type, for each financial year. Targets set here feed into the Revenue Tracker Dashboard.
Navigate to: Settings cog (top right) > Practice Admin Manager > Practice Set Up > Financial Target Management
đ¨ Important: Targets set here will appear on the Revenue Tracker Dashboard.
How do I set the start month of the financial year?
On first access, the Set Financial Month screen appears automatically:
Choose the month from the dropdown.
Click Save.
You can also update this later by clicking Settings on the right-hand side of the Financial Target Management screen.
How do I set yearly financial targets?
Yearly mode sets an annual total per payor â MPC automatically divides this into equal monthly targets.
Select the correct year from the Configure For dropdown.
Click Edit on the practice line.
Input the overall annual target for each payor under Total. Monthly targets will be auto-calculated (Total á 12).
Click Save.
How do I set monthly financial targets?
Monthly mode lets you override the auto-generated monthly values with custom amounts for each month.
Select the correct year from the Configure For dropdown.
Click Edit on the practice line.
Enter the annual total under Total to set a baseline (this auto-generates equal monthly values).
Select Monthly mode.
Adjust the revenue target for each individual month as needed.
Click Save.
How do I set NHS Targets?
England and Wales NHS practices:
Select Year mode.
Input the contract monetary value of your UDA contract(s) as the annual target.
The monthly target will be calculated automatically (annual á 12).
Switch to Month mode to make any individual monthly adjustments.
Scotland and Northern Ireland NHS practices:
In either Month or Year mode, set the target as the sum of the NHS Payor fee and the Patient invoice amount combined.