An online solution, Rapid Reserves is a total net revenue accrual application that automates the accurate recognition of reserves at month end and identifies excess and lost revenue by reconciling a facility's Aged Trial Balance with MedAssets’ Contract Manager.

Rapid Reserves creates automated calculations at month end using MedAssets’ Contract Manager, Supplemental Billing (DNFB and in-house calculations) per diems or PCRs by insurance and financial class. With Rapid Reserves, you can:

• Monitor billing practices for accurate revenue projections 
• Calculate net patient revenue accruals for all accounts
• Compare ATB to Contract Manager data to test for correct primary insurance
• Balance Contract Manager data to ATB, using ATB as the basis 
• Track and log all changes by users from default calculations that force comments for changes
• Identify billing issues by tracking reasons for variances between ATB and billed amounts

Because accruals are tracked on the account level with Rapid Reserves, you can:

• Track changes in projections effortlessly 
• Compare accounts from current and previous reports to identify reasons for any increases in contractuals 
• Easily identify reasons for increases when PCRs are applied to a group of accounts.

With Rapid Reserves as a risk assessment tool, you can:

• Review the variance between actual adjustment postings and expected discount calculations 
• Make adjustments through the journal entry to reduce or increase accrual amounts 
• Identify duplicate contractual postings and understated contractuals as risk

An online dashboard guides you through the month-end process to ensure that all steps are completed, thus providing the most accurate accruals on each account.