Are you able to assist with a KPI dashboard for medical billing? that includes benchmarks. Also attached is a dashboard but it doesn?t include measurements to show
Are you able to assist with a KPI dashboard for medical billing that includes benchmarks. Also attached is a dashboard but it doesn’t include measurements to show on or below target.
- The KPIs and benchmarks will include Net Collection Rate (Internal Benchmark >97%-Industry Benchmark >95%)
- (Payments-Credits)/(Charges-contractual adjustments)X100
- Days in AR (Internal Benchmark < 40 days-Industry Benchmark < 45 Days)
- Divide Total AR by Average Daily Charges
- AR % over 120 days (Internal Benchmark <20% of Total AR-Industry Benchmark <25% of Total AR)
- Divide Total AR by AR over 120 days
- Net AR ( Internal Benchmark <10% of annual charges-Industry Benchmark <10% of annual charges)
- 6 Month Avg Charges-Payments-Adjustments=Net AR
- Clean Claim Rate (Internal Benchmark Under 2%-Industry Benchmark 5%)
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