RevCycle Intelligence November 14, 2023
Healthcare revenue cycle key performance indicators (KPIs) enable providers to track financial health and adjust for optimal revenue capture.
Healthcare organizations need to understand financial performance to maintain access to high-quality, cost-efficient care — a level of care that is central to both the value-based care journey and healthcare consumerism. Key performance indicators (KPIs) for the healthcare revenue cycle are critical to understanding and improving performance.
Healthcare organizations of all sizes are up against several factors that have dampened financial performance. Rising labor expenses, workforce shortages, and softening volumes have left providers with razor-thin margins while hospitals report elevated levels of bad debt and charity care compared to last year.
Physician practices, hospitals, integrated health systems, and every organization in...
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