I will be presenting to the New York chapter of the MGMA March 23, 2016. My topic for discussion will be “Tier One Metrics for Revenue Cycle Management”.
Todays practice management professionals including administrators, financial analysts and billing managers all speak of measuring performance using “business intelligence” and “analytics”. Benchmarking, Metrics and Dashboards seem to rule the world of Best Practices. All intended to keep on an even keel, or when need-be, improve practice performance, provider performance, profits and receivable cycle management results. But which methods are right for your practice? Even to the most seasoned of departmental analysts, this question can be daunting at best.
Let’s first discuss some generalities of the world benchmarking which can be applied to many different practice management domains. Next we will examine benchmarking constructs in the domain of receivable cycle management (RCM). After a few words on RCM benchmarking methods, we will identify and examine in detail a selection Top Tier RCM management essentials.
Focusing on these Tier One Metrics for Receivable Cycle Management will provide your practice some practical tools that can significantly assist you in determining the health of your account receivables. Why are these important? How do we measure them? What are acceptable benchmarks? How do we know when things are going awry? How do we fix them? These and other open forum questions will be explored.
Come and join us!
With best regards,
NYC/Metro Chapter Meeting
MLMIC – 2 Park Avenue, 25th Floor, New York, New York 10016
Date: Thursday, February 25, 2016 8:00 AM EST