by admin | Sep 4, 2018 | Denials, Denials Management, Health Care Finance, Hospital Revenue Cycle, Medical Billing, Revenue Cycle KPI's
Two metrics important to the discussion of creating claims most likely to be immediately reimbursable are Clean Claim Rate (CCR) and First Pass Rate (FPR). Though sometimes confused for one another, these are separate statistics, each worthy of optimization....
by admin | Dec 5, 2016 | Hospital Revenue Cycle, Revenue Cycle KPI's
KPI’s from HFMA MAP Keys program MAP Keys are industry-standard metrics or KPIs usedto track your organization’s revenue cycle performance usingobjective, consistent calculations. http://www.hfma.org/MAP/mapkeys/ map-award-tables_061616-2 Share...
by admin | Jan 1, 2015 | Denials Management, Financial Statistics, Revenue Cycle KPI's, Revenue Cycle Performance
Click to access PNC%20SW%20Ohio%20HFMA%20Presentation.pdf Using KPIs to Accelerate Revenue Cycle Performance Click to access PNC%20SW%20Ohio%20HFMA%20Presentation.pdf Measurement • We’ve all heard it: you can’t manage what you don’t measure. – Measurement aids in...
by admin | Jan 10, 2014 | Hospital Revenue Cycle, Revenue Cycle KPI's, Revenue Cycle Performance
Today’s healthcare revenue cycle remains as complex as ever. While cash is still and will always be king, there is growing need for an additional layer of high-performance KPIs that seek to better exploit potential areas of new business opportunity as well as expose...
by admin | Jan 9, 2014 | Hospital Revenue Cycle, Revenue Cycle KPI's, Revenue Cycle Performance
This PDF from Navicure inc., lists the top Four Key Performance Metrics and goes in-depth in explaining how they are created. 1)Days in A/R 2)Percentage of A/R >120 days 3)Adjuster (or Net) collection Rate 4)Denial Rate key-metrics-guide Share...
by admin | Sep 3, 2013 | Hospital Revenue Cycle, Revenue Cycle KPI's, Revenue Cycle Performance
Do You Make These Mistakes in the Business Office? They’re the most common errors we’ve seen when performing our comprehensive revenue cycle analysis, the Revenue Cycle Performance Review (RCPR), across more than 80 hospitals. In fact, even when hospitals reported...
