Key Performance Indicators

Keep Revenue Flowing by Monitoring These 3 Key Performance Indicators Running a healthcare practice is expensive. Payroll, insurance, rent, utilities, equipment… it can feel like there is an endless list of items requiring a steady stream of cash. If you are like many organizations, it is essential that there are no interruptions or delays in…

Those of us that work in the healthcare revenue cycle know that key performance indicators (KPIs) are a critical part of managing the operation and profitability of our businesses. However, organizations that focus solely on the statistics reported to clients (such as days in A/R and collection rates) may not be optimizing their performance. A…

  The new patient consumer mindset affects every step of the revenue cycle. The organizations that will thrive in the future are those that understand many patients are turning into consumers that approach healthcare as a commodity. So, what does this new consumerism mean beyond patients shopping around for the best price? It means providing…

The skills needed for medical billing have changed dramatically in the last fifteen years. Even after the dawn of the new millennium, most medical billers were little more than data entry clerks who filled-in paper forms or keyed information into basic software programs. Today, a successful biller needs to understand (and be proficient) in using…

When you hear the term ‘revenue cycle management’ what comes to mind? What is the activity that pops into your head? For many, it is the process of coding. For others, it is denial management. Rarely payment posting comes to mind even though it is a major function affecting the revenue cycle. Inefficient posting can be…

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