Key performance indicators (KPIs) can help medical practices and organizations track their revenue goals more effectively.
The most important KPI is Revenue per Unit where unit may stand for claim, case, procedure, visit, patient encounter etc. Individual practices may determine what the appropriate unit of measure is for their group and it will vary based on specialty, office v. hospital based, services provided and what their systems can track.
Over time, monitoring your practice’s revenue per indicator(s) will provide a good indication regarding your revenue cycle performance. Gather more details by visiting https://practicemax.com/challenges-we-solve/