Discussion Post: KPI Dashboard for Medical Billing
Are you able to assist with a KPI dashboard for medical billing that includes benchmarks. Also attached is a dashboard but it doesn't include measurements to show on or below target.
1. The KPIs and benchmarks will include Net Collection Rate (Internal Benchmark >97%-Industry Benchmark >95%)
• (Payments-Credits)/(Charges-contractual adjustments)X100
2. Days in AR (Internal Benchmark < 40 days-Industry Benchmark < 45 Days)
• Divide Total AR by Average Daily Charges
3. AR % over 120 days (Internal Benchmark <20% of Total AR-Industry Benchmark <25% of Total AR)
• Divide Total AR by AR over 120 days
4. Net AR ( Internal Benchmark <10% of annual charges-Industry Benchmark <10% of annual charges)
• 6 Month Avg Charges-Payments-Adjustments=Net AR
5. Clean Claim Rate (Internal Benchmark Under 2%-Industry Benchmark 5%).
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.
Attachment:- Five-Rivers-Dashboard.rar