In a Physicians Practice article, P.J. Cloud-Moulds, who runs Turnaround Medical AR Recovery, lays out eight metrics you can monitor to give you an idea of how your practice is performing.
Here are the eight metrics to monitor:
1. Patient visits.
2. Monthly charges/sales.
3. Monthly inflow.
4. Average charge per visit and pay per visit.
5. Adjustment per visit.
6. Patient balance.
7. Accounts receivable.
8. Days sales outstanding.
10 Ways to Solve Differences During Clinical & Administrative Meetings
Will There Be More Scrutiny on Physicians With Large Medicare Payments?
Here are the eight metrics to monitor:
1. Patient visits.
2. Monthly charges/sales.
3. Monthly inflow.
4. Average charge per visit and pay per visit.
5. Adjustment per visit.
6. Patient balance.
7. Accounts receivable.
8. Days sales outstanding.
More Articles on Practice Management:
3 Points on Understanding Patient Loyalty10 Ways to Solve Differences During Clinical & Administrative Meetings
Will There Be More Scrutiny on Physicians With Large Medicare Payments?