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Tip Sheet

Six billing KPIs you should be tracking

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Providing solutions that enable exponential impact.

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People who choose a life of caring — and the organizations and communities they serve — deserve a special kind of support.

Six billing KPIs you should be tracking

Billing is an important aspect of running a business, regardless of industry. In the healthcare industry, an inadequate or inefficient billing department takes time away from the things that matter most: patient care.

Creating a healthy billing department is an important factor in your practice’s success. In this tip sheet, David Allen, Owner & CEO of Flatirons Practice Management, highlights the key performance indicators your billing department should focus on in order to maximize performance.

Download the tip sheet to learn:

  • How to calculate key baseline financial measurements, such as average reimbursement per visit and average collections rates.
  • How to determine if your accounts receivable is healthy
  • you should evaluate your total aging and compare it in proportion to your billed charges.

Download and share this valuable resource with your team!

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Revenue Cycle Management

Recorded Oct 23, 2018

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David Allen - Owner & CEO, Flatirons Practice Management

David has over 20 years of healthcare management experience, including senior management roles working for industry leaders such as Quest Diagnostics and GE Healthcare. He has a well-documented track-record of success in managing large, highly productive organizations with financial responsibility into the hundreds of millions of dollars.

Presenter

Presenter: Jill Dyer, BSN, RN, HCS-D, HCS-O

People who choose a life of caring — and the organizations and communities they serve — deserve a special kind of support. So we help them to care smarter. Liberating them to focus on the people they serve. Providing solutions that make work flow, integrate insights, and update effortlessly.

Presenter

Presenter: Jill Dyer, BSN, RN, HCS-D, HCS-O

People who choose a life of caring — and the organizations and communities they serve — deserve a special kind of support. So we help them to care smarter. Liberating them to focus on the people they serve. Providing solutions that make work flow, integrate insights, and update effortlessly.

Presenter

Presenter: Jill Dyer, BSN, RN, HCS-D, HCS-O

People who choose a life of caring — and the organizations and communities they serve — deserve a special kind of support. So we help them to care smarter. Liberating them to focus on the people they serve. Providing solutions that make work flow, integrate insights, and update effortlessly.

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About WellSky

WellSky is a technology company advancing human wellness worldwide. Our software and professional services address the continuum of health and social care — helping businesses, organizations, and communities solve tough challenges, improve collaboration for growth, and achieve better outcomes through predictive insights. People who choose a life of caring — and the organizations and communities they serve — deserve a special kind of support. So we help them to care smarter. Liberating them to focus on the people they serve. Providing solutions that make work flow, integrate insights, and update effortlessly. So they're able to anticipate — and exponentially increase — the impact of care. Informed by more than 30 years of providing software and expertise, our purpose is to empower care heroes with technology for good, so that together, we can realize care’s potential and maintain a healthy, flourishing world.


About WellSky

People who choose a life of caring — and the organizations and communities they serve — deserve a special kind of support. So we help them to care smarter. Liberating them to focus on the people they serve. Providing solutions that make work flow, integrate insights, and update effortlessly. So they're able to anticipate — and exponentially increase — the impact of care.

People who choose a life of caring — and the organizations and communities they serve — deserve a special kind of support. So we help them to care smarter. Liberating them to focus on the people they serve. Providing solutions that make work flow, integrate insights, and update effortlessly. So they're able to anticipate — and exponentially increase — the impact of care.