Revenue cycle management (RCM) is a critical aspect of any healthcare organization. It involves managing the financial aspects of patient care, from scheduling appointments to billing and collecting payments. The success of RCM can be measured using Key Performance Indicators (KPIs), which provide insights into how well the revenue cycle is functioning. We’ll explore some of the key KPIs for RCM.
Key Performance Indicators (KPIs) are critical for measuring the success of Revenue Cycle Management (RCM) operations. These KPIs provide insights into the efficiency of billing and collection processes, the organization’s ability to manage denials and appeals, and the effectiveness of contract negotiations. By monitoring these KPIs regularly, healthcare organizations can identify areas for improvement and optimize their revenue cycle operations.
Atlantic RCM is one of the leading multi-specialty medical billing companies in USA that serves 25+ major medical billing specialties. Our experts work across your practice in billing, collections and account receivables management, to help you succeed.
Get in touch with the leading medical billing outsourcing company to learn more. Call us at (469) 501-1500 or write to us Info@atlanticrcm.com