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. HFMA identifies the value of CCR as an indicator of the quality of data collected and reported. […]
HFMA MAP Keys
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
Using KPIs to Accelerate 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 identifying problem areas. – Sets the stage for setting goals/targets and working toward them. • It is also a proven principle that: – […]
Key Revenue Cycle Metrics
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 areas where bottlenecking, inherent risk, or lagging performance exists. This report […]
Key Metrics in Revenue Cycle Management
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
Billing Process analytics to watch
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 that they follow these principles, data-driven analytics proved that was not the case. Electronic submission. Your […]
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