A User-Friendly Guide TO Benchmark Analysis
Today’s medical professionals must run a leaner, more efficient practice, even as they contend with higher costs and lower reimbursements. That’s why revenue reporting and analysis are more critical than ever. When was the last time.... you examined the difficult questions surrounding the financial performance of your practice? A benchmark analysis is a crucial step in this process. It measures your practice against industry norms, providing a baseline snapshot and a road map for improvement...
Five Revenue Cycle KPIs That Will Improve Revenue
What exactly are key performance indicators? In simple terms, KPIs provide a way to measure performance and evaluate success. With any business initiative, performance should be measured and monitored to determine whether goals have been met—and if there’s a return on investment. For a busy medical practice, incorporating KPIs can help drive financial improvement..