9 things to know about physician practice revenue cycle award winners

Kelly Gooch - Print  | 

The Healthcare Financial Management Association recently shared data on the six physician practices that received the association's 2019 MAP Award for high performance in revenue cycle.

The data covers these winners:

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

Net days in accounts receivable 
75th percentile: 18.6
50th percentile: 23.5
25th percentile: 27.5

Point-of-service cash collection (share of self-pay dollars collected throughout the fiscal year at the point-of-service)
75th percentile: 60.5 percent
50th percentile: 55.7 percent
25th percentile: 50 percent

Claim denial rates
75th percentile: 3.2 percent
50th percentile: 4 percent
25th percentile: 5.1 percent

Read more about the data here



More articles on healthcare finance:

Higher prices boost healthcare spending on privately insured New Yorkers
Massachusetts watchdog wants to cut administrative healthcare costs
Tennessee health system modifies debt collection practices after media probe

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.