RCM tip of the day: Measure and act on AR improvement

To improve revenue cycle performance, hospitals and health systems must keep a close eye on many areas, including accounts receivable.

Luanne Yeley, consulting executive for The Halley Consulting Group: AR is a verb.  Accounts receivable is an "action" word. If we expect performance improvement, then we must constantly measure and then actively move. Effective revenue cycle reporting should be developed not only to monitor our current success, but to manage it to the next level.

To learn more about accounts receivable key performance indicators, access this story from Becker's Hospital Review.

If you would like to share your RCM best practices, please email Kelly Gooch at kgooch@beckershealthcare.com to be featured in the "RCM tip of the day" series.

 

More articles on healthcare finance:

How CHS, LifePoint, UHS, Tenet and HCA fared in Q4
CMS moves forward with RAC program expansion
Partners' hospitals to lay off employees as part of cost-cutting plan

© Copyright ASC COMMUNICATIONS 2017. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months