Webinar Recording: Understanding Medical Billing Metrics – What to watch for daily, weekly and monthly

Metrics you should know in real time:

  • Net collection rate and what is due from insurance vs. patient
  • Liquidity of your AR and when you are going to get paid
  • The status of your current AR and the actions your staff are taking
  • Effectiveness of your RCM partner
  • Avoidable write offs and what to do to prevent them
  • What patients are financially cleared or at risk prior to service
  • Forecastig impact to net revenue with subtle changes in payer and procedure mix and patient volumes

Related Posts

What are “wasted touches” in the revenue cycle & how do we prevent them?

Healthcare organizations are already facing razor thin margins, and administrative waste could be the linchpin for future sustainability. Billions of dollars are at stake. I’m always surprised when I talk to doctors and ask them if know how many touches, or people, it takes to get paid for services they provide, they rarely know the answer. It’s also concerning when administrators and executives over the revenue cycle functions don’t have this information.

Read More »

Reduce RCM labor dependence with financial clearance, coding, insurance A/R, & patient A/R automation modules with real-time analytics.

Increase productivity and simplify front & back office processes while keeping your staff focused with our flagship PM system.