MANAGEMENT: Make Sure You're Not Holding Too Long To Your Claims

Why This Topic Matters

Monitoring core revenue cycle and financial indicators helps practices detect billing delays, underbilling, and profitability issues before they become larger operational problems.

Article Sections

1. Monitoring billing and revenue cycle performance

   Introduces the need to measure billing timeliness, gross charges, and days in service as part of revenue cycle management. The section emphasizes comparing current activity with prior periods to identify trends.

2. Tracking collections and financial statements

   Focuses on collections, income, overhead, and operating costs as key indicators of financial health. It also notes the use of comparative benchmarks and early identification of performance issues.

3. Responding to declining profitability

   Discusses how practices should think about staffing and operational changes when profitability declines. The section addresses broader management responses rather than coding details.