Interpreting the Benefits Usage Report

Benefit Usage Report

Key Metrics Overview

The Benefit Usage report provides insights into how enrolled clients utilize their care plan benefits. The key metrics include:

• Total Revenue: The total value of services rendered under care plans.

• Deferred Revenue: Revenue collected but not yet recognized.

• Discounts: The total value of discounts applied.

• Payments: The amount collected from clients for services rendered.

These metrics provide a financial overview of how care plan benefits are being used and their impact on clinic revenue.

Benefit Usage Table Breakdown

This table details benefit utilization and revenue calculations for each patient:

• Customer: The pet owner’s name.

• Patient: The enrolled pet’s name.

• Usage Date: The date the benefit was used.

• Care Plan: The care plan associated with the pet.

• Enrollment Status: Indicates if the plan is active.

• Invoice Total: The total cost of services rendered.

• Exam Cost: The cost of any exams performed.

• Exam Credits Used: The portion of the cost covered by care plan credits.

• Exam Revenue: Revenue recognized from exams.

• Account Credits Used: Any additional credits applied.

• Deferred Revenue: Revenue that has been collected but not yet recognized.

• Invoice Remaining Balance: Any remaining balance on the invoice.

• Bonus Discount: Additional discounts applied.

• Payment Due: The remaining balance owed by the client.

• Care Plan Coverage: The portion of the total cost covered by the care plan.