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
Effective Intelligence Resources
What's your EiQ?
Margin is the key to success in healthcare. You cannot maximize it without real-time metrics in your revenue cycle. Take the 3 minute quiz to find out your Effective Intelligence Quotient (EiQ).