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US 8,301,519 B2Granted
Methods and apparatus for analyzing revenue cycles of a facility
AssigneeCrowe Horwath LLP
InventorsDerek Andrew Bang, Calab Donald Decker
Life of this patent
Estimating the term…
Abstract
The present disclosure provides methods and apparatus for analyzing the revenue cycles of a facility to more accurately predict future financial performance. Using the methods and apparatus disclosed herein, accountants and financial planners are given forecasts of future accounts paid based on current accounts receivable and past accounts paid.
Claims5
A system for tracking a financial status associated with a facility, the system comprising:
- a display for presenting financial information to a user;
- an input to receive financial data and actual payment data comprising at least one actual payment value;
- a memory capable of storing the financial data;
- and
- a processor operatively coupled to the display, the input, and the memory, the processor configured to calculate a first account receivable value based on the financial data, calculate a second account receivable value based on the financial data, calculate an actual realization rate by dividing the actual payment value by the first account receivable value, calculate a net receivable value by multiplying the actual realization rate and the second account receivable value, calculate an expected unrealized value by subtracting the net receivable value from the second account receivable value, and calculate an expected reserve amount by adding a reserve value and the expected unrealized value.
2 more elements
Dependencies are inferred from the claim text.