Sept. 17, 2024

We’re excited to keep expanding the capabilities of RCA Next, the ground-up redesign of the Kodiak Revenue Cycle Analytics net revenue reporting solution. In this article, we’ll share information about some of the latest features, functionality, and reporting improvements. If you’re not already up to speed, be sure to get caught up on some of the other updated features and functionality, including training and educational opportunities designed to make you more confident and comfortable navigating RCA Next’s user interface.
RCA Next now offers several new options for tailoring the platform’s standard data customizations to best fit your organization’s needs. Working with Kodiak’s RCA Next implementation specialists, users can choose the options to enable or disable for each feed on the platform. Some of the most popular data customizations include:
In addition to being able to review and manage data customizations within RCA Next, users can now create new data customizations that can be applied to their data. Users can designate a code and name for each customization. There is a field to enter a brief description for the customization. From there, users can specify the logic for the new data customization by selecting from a large list of operators.
In addition to these data customizations, Kodiak has rolled out other RCA Next features, including new automations in the Daily Balancing module. Accessed through the RCA Next platform’s Analytics module, the Daily Balancing module now offers more automations to help with data reporting, review, and approval. Users also can set thresholds for their organization for automatic approvals. Platform users will work with Kodiak’s RCA Next implementation specialists during the migration process to use the application’s full automation features.
We also made improvements to the Reporting module, including the ability to move and pivot columns, drill down, and add custom calculated fields within the module. As users work through their month-end close process, they can revisit any custom reports created or our standard reporting and set specific parameters and home in on specific data to identify outliers. Being able to review data at the account level allows users to determine what is driving anomalies in their model such as changes to unapplied discounts or change in priors. The level of analyzation afforded by customizing columns in reporting modules ultimately can help streamline your team’s month-end close.
These are just some of the new features, functionalities, and customizations in RCA Next. We will continue to deliver new features, functionalities, and customization capabilities to the application that will drive net revenue reporting improvements throughout your organization.
Transitioning to RCA Next from RCA is a multiphase process with a number of steps in between initial installation and go-live. You can start many of the steps today. For more information, contact Kodiak’s specialists to learn more and get started on your journey to the future of net revenue reporting on RCA Next.
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