Since introducing ASC-specific benchmarks in 2017, we have seen centers gain a much better handle on their financial health. Having the tools and intel to gauge performance across all functions of the revenue cycle has been a game-changer for ASC leaders. Because of that, we have reevaluated our previous metrics and established our eight new metrics:
- Days Outstanding
- Percent of A/R Over 90 Days
- Claim Lag/Charge Lag
- Statement Lag
- Clean Claim Percent
- Claim Denial Percent
- Net Collection Rate
- Latest Benchmark: A/R Follow-Up
These benchmarks dive deep into the health of your revenue cycle to assess key components that shape and define your revenue cycle.
We also include a case study highlighting how one center increased collections by $125,000 per month, due in part to A/R Follow Up.