Get well with metrics – Measuring the right data can improve revenue cycle management

Description

Abstract: Hospitals that are most successful at revenue cycle management (RCM) almost always rely on close monitoring of specific metrics. This article provides several examples of relevant metrics that hospital management should track to optimize their revenue cycle, including the net collection rate, the clean claim rate and denial rates. The article points out that making continual adjustments to RCM based on frequent updates of these important rates will help institutions thrive.