179x Filetype PPTX File size 2.53 MB Source: www.cmgma.com
David Brewer REVENUE CYCLE DIRECTOR, Consults with Allscripts clients 25 years of experience in ALLSCRIPTS revenue cycle management, to discuss their revenue cycle performance practice management and hospital management Maximizes client results with a Passionate about using variety of revenue cycle technology to reduce solutions redundancy and increase visibility into performance © © 22002211 AAllllssccrriippttss HHeeaalltthhccararee,, LLLLCC anandd//oorr iittss affiaffilliiatateess.. 2 POLLING QUESTION #1 Which of the following best represents your role in your organization? A.Physician or Physician Extender B.C-level Executive C.Manager or Supervisor D.Hands-on Contributor/Billing/Coding E.Other © 2021 Allscripts Healthcare, LLC and/or its affiliates. 3 Why use a scorecard? Establishes organization performance standards and goals Provides clear accountability Gives an understanding of overall practice performance Keeps all departments aligned and working cohesively © 2021 Allscripts Healthcare, LLC and/or its affiliates. 4 Overview of key performance indicators (KPIs) Days in A/R % over 90 Denial Rate Average number Percentage of A/R Percentage of of days it takes a that is more than 90- claims denied by practice to collect days old payers during a given payments due period 40 days <20% <5% Clean Net Gross Claims Collections Collections Average number Percentage of Percentage of Ratio Ratio Rate of claims paid upon reimbursement minus collections received of the first submission contractual obligations the total amount with payers allowed to collect 98% >98% >45% *Data pulled from MGMA DataDive 2020 Reports and is based on multispecialty © 2021 Allscripts Healthcare, LLC and/or its affiliates. practice data 5 POLLING QUESTION #2 How do you report key performance indicators? A.We use our practice management system B.We use a third-party analytics vendor C.We use MS Excel and/or MS Access D.We do not report KPIs E.Not applicable © 2021 Allscripts Healthcare, LLC and/or its affiliates. 6
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