6 Revenue cycle metrics you must be tracking

1
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.
2
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
www.medicalbillingstar.com
3

The A.R Aging Reports
1
Of course you know that claims are getting denied
and your billing team is following up on them.
1
But have you arranged your AR into buckets based
on the number of days theyve remained unpaid?
2
If your practice needs more information on aging
A.R. divide the A.R. based on CPT codes
3
and insurance. Heres a sample report you can us
form tracking A.R.
www.medicalbillingstar.com
4

Patient Payments The Most Challenging
2
The responsibility of the front desk staff gets
even tough when the patients dont listen or the
staff doesnt keep a track of patient collections.
1
It becomes a support for you if you have a
report handy
2
Lets say a dashboard that can help you keep a
track of this indicator and thus prove your
productivity.
3
www.medicalbillingstar.com
5

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
1
This adds to the list of practice financial
performance metrics you should be tracking.
2
www.medicalbillingstar.com
6

Net Monthly Collections
4
A concise report will help you understand the
practice financial performance metrics and areas
that need to be improved on.
1
A weak and staggering revenue cycle will bring
the financial growth of your medical practice
to a grounding halt
2
This allows you to have an eye on your medical
practice performance metrics.
3
www.medicalbillingstar.com
7

Medical Coding Efficiency Reports
5
It demands greater accuracy and granularity of
data.
1
A detailed medical coding report will help
increase coding throughput and spot the cracks
in your medical coding process.
2
Tracking what your top paying CPT codes are will
enable your organization to negotiate better
performing contracts and increase revenue.
3
www.medicalbillingstar.com
8

Track Payer Reimbursement Trends
6
A concise report will help you understand the
practice financial performance metrics and areas
that need to be improved on.
1
A weak and staggering revenue cycle will bring
the financial growth of your medical practice
to a grounding halt
2
This allows you to have an eye on your medical
practice performance metrics.
3
www.medicalbillingstar.com
9
TOLL FREE 1-877-272-1572
Find more articles on Key Performance Indicator,
find out what experts say
11517, Belvedere Ct Cerritos CA, US 90703