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8 KPIs to Measure Revenue Cycle Success

Is your revenue cycle in a pickle because of messy medical billing operations? These 8 KPIs can help streamline your medical billing process and ensure revenue cycle successu2014read on.

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8 KPIs to Measure Revenue Cycle Success

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  1. 8 KPIs To Measure Revenue Cycle Success

  2. 1 Point-Of-Sale Service (POS) Cash Collection Determines the efficiency of payment collections

  3. 2 Clean Claim Rate Determines the approval rate and efficiency of claim submission process

  4. 3 Bad Debts Determines the efficiency of payment collection process/efforts

  5. 4 Cost to Collect Highlights the lack of productivity with regards to payment collections

  6. 5 Resolve Rate If high, it indicates the lack of staff and process inefficiency

  7. 6 Days in accounts receivable (A/R) Denotes average time to get paid for services

  8. 7 Late charge as a percentage of total charges Determines the revenue not received on time. It speeds up cashflow.

  9. 8 Month over month revenue Determines the origin of recurring profits

  10. Reimagine. Evolve.

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