When a sudden change occurs in business patterns, metrics used in revenue cycle management (RCM) help you understand the financial impact on your organization—the first step in determining an effective response. Still fresh in memory, the business slowdown that occurred during severe months of the COVID-19 public health emergency taught medical practices the necessity of becoming familiar with financial metrics. Even in the absence of unexpected change, metrics enable you to better understand your organization’s financial performance and overall business direction.
This e-book offers a concise, practical look at six metrics (also called key performance indicators or KPIs) used in RCM. These metrics are simple, numerical keys to your business. Medical practice leaders will benefit from becoming familiar with these basic equations used to calculate essential RCM metrics—insights from these metrics that can help you run a medical practice more effectively.
Download 6 RCM Metrics Every Medical Practice Leader Should Know Whitepaper