decisionhealth Newsletters, Part B News - 2007 Issue 2 (February)
How does your A/R stack up?
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Article Overview
This piece is about practice revenue cycle performance, with emphasis on accounts receivable benchmarking, collection ratios, aging of receivables, and specialty comparisons from a group practice survey. It is relevant for practice managers, billing staff, revenue cycle leaders, and physicians who want to assess whether their collections operations are performing well relative to common benchmarks. The article provides general guidance on how to interpret A/R metrics and includes a table of specialty-based performance measures from a Medical Management Group Association benchmarking report.
Why This Topic Matters
Accounts receivable is a core indicator of financial health in physician practices. Understanding benchmark metrics helps readers identify potential weaknesses in collections processes and compare their practice against peer performance.
Article Sections
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A/R health benchmarks
Introduces commonly used A/R performance measures and discusses broad benchmark ranges for evaluating collections health.
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Benchmarks for top A/R performers by specialty
Presents specialty-level comparative performance data from a medical group benchmarking survey and summarizes the categories included in the table.
What You Will Learn
- How A/R performance is commonly benchmarked in physician practices
- Which broad collections metrics are used to assess revenue cycle health
- How specialty-level survey data can be used for comparison
- What types of operational issues are associated with weak A/R performance
Who Should Read This
- Practice managers
- Medical billing staff
- Revenue cycle managers
- Physicians
- Healthcare administrators
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