Get a grip on revenue cycle management: Key financial metrics detail your practice's economic health

Affiliations

Advocate Lutheran General Hospital

Abstract

In the article, the authors discuss issues on revenue cycle management (RCM) in a medical practice, particularly on the key performance indicators and benchmarks to ensure optimal clinical performance. Optimal RCM allows practices to provide competitive pay to staff, buy modern equipment and offer continuing medical education for staff and physicians. Other topics include the calculation of net collection rate (NCR) using accounts receivable (AR) and other data.

Document Type

Article

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