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Revenue Cycle Metrics
Are you one of those busy physicians who pay just a cursory glance at monthly collections? Then you should be prepared to lose revenue every single day like this obgyn practice in Southeast Georgia.
www.medicalbillingstar.com
What are the biggest challenges faced by the medical practices when it comes to using insights to fix revenue cycle leaks?
Check out the Top 6 KPIs in the upcoming slides you can use to battle your challenge
The A.R Aging Reports #1
Of course you know that claims are getting
denied and your billing team is following up on
them.
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But have you arranged your AR into buckets
based on the number of days they’ve
remained unpaid?
If your practice needs more information on agi
ng A.R
. divide the A.R. based on CPT codesand insurance. Here’s a sample report you can us form tracking A.R.
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Patient Payments – The Most Challenging… #2
The responsibility of the front desk staff
gets even tough when the patients don’t
listen or the staff doesn’t keep a track of
patient collections.
It becomes a support for you if you have a report handy
Let’s say a dashboard that can help you keep a track of this indicator and thus prove your productivity.
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Productivity Report For Each Physician #3
As medical practice converge under a single
umbrella to better manage costs and
operational bottlenecks, it is more important
than ever to analyze the productivity of every
physician on board
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This adds to the
list of practice financial performance metrics y
ou should be tracking
.
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Net Monthly Collections #4A concise report will help you understand
the practice financial performance metrics
and areas that need to be improved on.
A weak and staggering revenue cycle will bring
the financial growth of your medical practice
to a grounding halt
This allows you to have an eye on your
medical practice performance metrics.
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Medical Coding Efficiency Reports #5
It demands greater accuracy and granularity of
data.
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Tracking what your top paying CPT codes are
will enable your organization to negotiate
better performing contracts and increase
revenue.
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2A detailed medical coding report will help
increase coding throughput and spot the cracks
in your medical coding process.
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Track Payer Reimbursement Trends #6A concise report will help you understand
the practice financial performance metrics
and areas that need to be improved on.
A weak and staggering revenue cycle will bring
the financial growth of your medical practice
to a grounding halt
This allows you to have an eye on your
medical practice performance metrics.
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www.medicalbillingstar.com
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