9 statistics on hospital revenue cycle performance award winners

The Healthcare Financial Management Association recently shared data on the integrated delivery systems, health systems, individual hospitals and critical access hospital that received the association's 2019 MAP Award for high performance in revenue cycle.

The data covers these 14 winners:

  • Geisinger Health System (Danville, Pa.)
  • Baylor Scott & White Health (Dallas)
  • Saint Francis Health System (Tulsa, Okla.)
  • OhioHealth (Columbus)
  • St. Elizabeth Healthcare (Edgewood, Ky.)
  • Mercy Health (Mason, Ohio)
  • Christus St. Michael Hospital (Texarkana, Texas)
  • Princeton Baptist Medical Center (Birmingham, Ala.)
  • St. Luke's Hospital (Chesterfield, Mo.)
  • Rochester (N.Y.) General Hospital
  • Dignity Health Sequoia Hospital (Redwood City, Calif.)
  • Legacy Good Samaritan Medical Center (Portland, Ore.)
  • Unity Hospital (Rochester, N.Y.)
  • Henry County Health Center (Mount Pleasant, Iowa)

Here are nine data points, based on each organization's 2018 fiscal year end.

Net days in accounts receivable
90th percentile: 27.1
75th percentile: 37.8
50th percentile: 39.7

Point-of-service cash collection (share of self-pay dollars collected throughout the fiscal year at the point-of-service)
90th percentile: 43 percent
75th percentile: 33.8 percent
50th percentile: 28.5 percent

Bad debt (share of total gross patient service revenue considered bad debt for fiscal year)
90th percentile: 0.2 percent
75th percentile: 0.3 percent
50th percentile: 0.7 percent

Read more about the data here

 

More articles on healthcare finance:

Investment groups to acquire majority stake in Waystar for $2.7B
New medical code will monitor toxic algae sickness
For-profit hospital stock report: Week of July 22-26

Copyright © 2022 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Learning Opportunities

Featured Whitepapers

Featured Webinars