Revenue Cycle Management
Revenue cycle management is an important function for healthcare systems. The management of the review cycle management focus on key metrics:
• Dates of Service Outstanding (DSO)
• Net Percentage Collection
• Accounts Receivable Over 90 Days
• Bad Debt Percentage
In your post, describe each metric for the revenue cycle process while describing which metric is more important. Please support your conclusion with scholarly citations.
Solved by verified expertThere are four key metrics that are used to measure the performance of the revenue cycle:
1) Dates of Service Outstanding (DSO)
2) Net Percentage Collection
3) Accounts Receivable Over 90 Days
4) Bad Debt Percentage
DSO is a measure of how quickly healthcare organizations are able to bill for services rende
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Net Percentage Collection is a measure of how much of the billed charges are actually collected from patients. A low net percentage collection indicates that the organization is having difficulty collecting payments from patients.
Accounts Receivable Over 90 Days is a measure of how much of the organization’s accounts receivable is past due. A high accounts receivable over 90 days indicates that the organization is having difficulty collecting payments from patients.
Bad Debt Percentage is a measure of the percentage of patient accounts that are considered uncollectible. A high bad debt percentage indicates that the organization is having difficulty collecting payments from patients.
Of these four metrics, DSO is the most important. A high DSO indicates that the organization is having difficulty getting claims processed in a timely manner, which can lead to reduced reimbursement.
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