If you're a mechanic, you want to get a look under the hood to see what's making the vehicle run (or not run in this case). If you're a healthcare provider, you want to take a look at the books to see what is and what isn't working when it comes to collecting patient payments.
Luckily, we've got the KPI's you need right here in this week's Tactical Tuesday video.
This week's video takes an in-depth look at medical accounts receivable from a real practice to gauge the success of their collections efforts. We are specifically interested in how successful they are at collecting patient payments vs. overall payments.
With this information and KPI's from the MGMA on where accounts receivables should be, we offer an assessment that will help you gauge where your practice stands. Watch the video and follow the instructions afterwards to take the Patient Collections Assessment. Find out where you stack up so you can rethink the way you collect from your patients to be more profitable.