Read this report from the Advisory Board on ways you can improve revenue cycle performance now. Hospitals leaving $22M on the table
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: – […]
Revenue Mitigation Strategies Offsetting The Financial Impact Of ICD-10
There are great points made in this pdf of slides highlighting the financial impact of ICD-10 on providers. Well worth the time. The author also offers strategies on lessening the impact of ICD-10 on the revenue cycle. Revenue Mitigation Strategies Offsetting The Financial Impact Of ICD-10
Analyzing Hospital Financial Statements
I found this excerpt from a finance book that gives a great case study on understanding hospital financial statements. analyzing financial statements
Increase Revenue Cycle performance through better EHR integration
How will your Hospital integrate EHR to improve Revenue Cycle results? With nearly 1,000 physicians and three hospitals using a variety of different electronic health records, Rush Health is creating a hub to better integrate the network as the health care industry is being encouraged to deliver better but less expensive patient care. Healthcare Revenue […]
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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