You are working on strengthening your revenue cycle management and you’ve taken the first step: determining the most important key performance indicators (KPIs) to track for your facility.
From the average age of accounts receivable (AR) to your cash collections as a percentage of net revenue, you know that keeping tabs on these areas of your billing processes is the key to remaining profitable. So, what’s next?
Answer: The work. Your revenue cycle KPIs are only as good as the data you collect to determine them. With inadequate or confusing information, your center could make decisions based on misleading statistics. But you can effectively track KPIs by making sure your stats follow the four "Cs."
To read about the four Cs, click here.
