Revenue Cycle KPIs: Key Metrics for Financial Success
Revenue Cycle KPIs: Key Metrics for Financial Success
Blog Article
Introduction
Tracking revenue cycle KPIs is critical for understanding financial performance and optimizing healthcare revenue management.
Essential KPIs
- Days in Accounts Receivable (A/R): Measures cash flow efficiency.
- Claim Denial Rate: Helps identify billing errors.
- Net Collection Rate: Indicates revenue recovery efficiency.
By focusing on revenue cycle KPIs, healthcare providers can drive financial success and operational efficiency.
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