Know Your Numbers:
Monitoring Key Performance Measures is Required to Build and Maintain a High Performance Revenue Cycle
- Discover which key performance indicators should be evaluated
- Learn how often indicators should be reviewed
- Discover how your indicators compare to high performing revenue cycles
The Revenue Cycle Analyzer
The Analyzer
A valuable tool that can be utilized to evaluate the performance of both internal and outsourced physician practice revenue cycle billing.
The Analyzer evaluates over 15 different key performance measures as well as billing processes.
Industry benchmarks are used to determine how a practice's revenue cycle performance compares to high performing revenue cycles.
What Comes with The Analyzer?
A detailed report that includes the following:
- An overall score that assesses the performance of practice revenue cycle
- Individual scores by revenue cycle phase (Visit Management, Claims Management, Payment Management and Accounts Receivable Management)
- 15 key performance indicators that are benchmarked to industry standards
- Performance improvement recommendations by revenue cycle phase
An Excel spreadsheet with the key performance indicators that can be used monthly to measure revenue cycle performance
Visit Management
The accuracy of demographic and insurance information impact the performance of the remainder of the revenue cycle.
Claims Management
The timeliness of submitting accurate claims and correcting claim errors will impact how quickly payments are received.
Payment Management
The speed and accuracy of posting payments and payment denials impacts the speed of cash flow and the size of your accounts receivable.
AR Management
The consistency and timeliness of follow up on outstanding insurance and patient balances ensures cash flow keeps moving and receivables stay lower.
How Do you Complete The Analyzer?
Upon receipt of payment for The Analyzer, an email will be sent to the address that you provided. The email will include the following:
- An attachment that lists the financial indicators that you need to have on hand to answer the questionnaire
- It will include a link to the Analyzer Questionnaire that will take about 30 minutes to complete if all of the financial information is on hand ahead of time
- The Analyzer is a series of questions which asks about revenue cycle measurement as well as revenue cycle process
How Long will it Take to Receive my Customized Analyzer Report?
Upon receipt of the completed questionnaire, you will receive your Customized Analyzer Report via email within 5-7 business days.
It will be in .pdf format and provides detailed information about the performance data that you have provided.
It will also include a spreadsheet that benchmarks you key performance indicators to industry standards.
The Key Performance Indicator Spreadsheet is set up so that you can easily see how you compare with industry standards. It can also be used as a 12 month tool to compare your financial performance to continue measuring important key performance indicators on a consistent basis.
Improve the Financial Performance of Your Practice by Investing in The Revenue Cycle Analyzer Today!
The Analyzer is a cost effective way to get reassurance that your revenue cycle is performing at high levels.
The Analyzer is a cost effective way to identify areas of opportunity to improve your cash flow.
The Analyzer provides a valuable tool with the monthly Key Performance Indicators measurement spreadsheet.
Click on the Box Below to Purchase your Analyzer for only $999!
Cash flow improvement as a result of implemented Analyzer recommendations will more than pay for the cost.
