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
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
