How do I evaluate profit and loss including material costs?
Profit and loss ("P&L" button) tracks "write off" and "profits".
Insurance write off = insurance credit - insurance paid
Patient balance (Plus pt balance) = insurance write off + patient balance
Current write off (total) = total billed - total paid
Active Collection Amount(s) = under paid amount (add the date you are finished trying to collect from the patient and/or the insurance).
Profit = The total collected - Actual ("Act") or estimated ("Est") material costs
The P&L does not include overhead costs or doctor hours. It can help you compare relative values between various insurance or discount plans and track collections.