Ask the Experts: Timely filing measurement
KPIs will move away from balance sheets, ledgers, and numbers to data that’s being collected and managed in EHRs.
Ask the Experts: Cost per day
Where can we find benchmarking data across other skilled nursing facilities related to costs per day for patient care?
Calculating KPIs for Value-Based Payment Models
If hospitals and health systems know the patients for whom they’re at risk and the benchmarks against which they are held accountable, they can lower costs and improve outcomes for an entire population—not just a single patient.
4 KPIs to Increase Profitability Under Value-Based Payment Models
Revenue cycle KPIs are evolving to assist healthcare finance leaders determine net profit rather than revenue.
Ask the Experts: Cash Payment Metrics
Outside of the days cash on hand (DCOH) liquidity metric, what other cash or payment term metrics are useful?
Ask the Experts: Revenue Cycle Metrics
Do you have data on top decile and 50th percentile performance for revenue cycle metrics?
Ask the Experts: Benchmarks for Credit Balances
What benchmark statistics are available to set key performance indicator goals for credit balances and undistributed payments for hospitals and physician practices?
Ask the Experts: Hospital Financial Statistics
What is the average amount of time to be used to calculate accounts receivable (A/R) days and days cash-on-hand?
Ask the Experts: Staffing Models
Is there a hospital business office staffing model or documentation that includes number of billers, collectors, precertification, authorization specialists, and customer service?
Ask the Experts: Collection KPIs
Can you share collection rate benchmarks for third-party extended business offices?