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WHAT REPORTS SHOULD I

RUN TO MONITOR MY AR?{PART I}

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OM

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REPORTS TO MONITOR AR {PART I}

First Pass Payments

• {Bi-weekly} This report indicates how many claims are submitted accurately the first time. This report is the core metric driving overall performance. Aim for 90% first pass success.

Amount Collected after 120

Days

• {Bi-weekly} Run a report that analyzes how many claims are not paid after 120 days. Work to minimize this amount of claims to less than 5%.

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REPORTS TO MONITOR AR {PART I}

Average Days in AR

• {Bi-weekly} The shorter the amount of time from claim initiation to zero balance, the better your revenue cycle. Aim for an average 30 days in AR.

Time to Payer

• {2 Business Days} A key factor in your revenue cycle is how quickly claims are submitted for reimbursement. The goal is to submit claims within two business days of provider signing.

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REPORTS TO MONITOR AR {PART I}

Rejected Claims

• {2 Business Days} Run a report that compares when rejection notices come in and how quickly the claim is resubmitted for payment. An ideal process will have rejections resolved and resubmitted for payment within two business days.

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