Healthcare Revenue Cycle Monthly Benchmarking Scorecard

This document is a technical report that presents key performance indicators (KPIs) related to healthcare revenue cycle management for the months of April and May 2023. It details various metrics such as true accounts receivable days, initial denial rates, and point-of-service cash collections, providing month-over-month and year-over-year percentage changes for each metric. The report highlights the percentage of accounts receivable over 90 days for different payer categories, including managed care, Medicaid, and Medicare. Additionally, it includes an insight of the month, indicating a rise in the percentage of Medicare claims that took longer than 90 days to pay, along with a tip for providers to enhance their revenue cycle processes. The document is derived from data collected from over 1,800 hospitals utilizing the Crowe RCA reporting platform, emphasizing the importance of efficient revenue cycle management.