What are the Red Flags in Revenue Cycle Performance?
What are the Red Flags in Revenue Cycle Performance? Lack of accurate and regular KPI reporting Days in AR > 60 days Denial rates > 10% AR 90+days > 30% For everyone involved in healthcare finances, it is important to understand the red flags in revenue cycle management. For all healthcare providersa, revenue cycle is a key cog in cash flow and financial health. However, monitoring a providers' financial performance by tracking key performance indicators (KPIs) is not a skill set that everyone needs to master. The first indicator of poor performance is the lack of KPI reports. Some organizations are not producing accurate and reliable KPI reports on a daily, weekly, or monthly basis. The lack of these key reports should be your first red flag in quickly assessing…