Critical Indicators: Importance of Monitoring Revenue Health in a Physician Practice

Critical Indicators: Importance of Monitoring Revenue Health in a Physician Practice

EqualizeRCM Blog
Annual physical examinations are vital for a patient, enabling a physician to monitor and understand the patient's current health condition. The physicals offer proactive steps to ward off potential health issues and prevent emergency scenarios. Do you scrutinize the financial health of your practice to include a comprehensive analysis of different metrics on a regular basis? Several studies reveal that for most practices, the answers are negative. Most are too busy trying to keep up with daily operations, and they fall behind monitoring critical revenue factors. In some cases, Physicians and Practice Executives struggle to stay up-to-date with ongoing payment reforms, new regulations and the dramatic shifts in the healthcare industry. To address the revenue health of your practice, RCM experts at EqualizeRCM Services (ERCM) have developed some critical indicators.…
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