Evaluate Opportunities For Growth
Monitoring your practice’s financial performance while providing exceptional patient care is vital to the success of your organization. By routinely monitoring your medical billing metrics, the experts at Resilience Billing can ensure your practice is collecting everything it’s owed.
Track growth and stability, and make critical decisions with comprehensive metrics reporting.
Using our custom-built metrics dashboard, we track both your service and revenue metrics to provide a snapshot of what’s working for and against your bottom line.
Our metrics reporting solutions are designed to break down all of your various services for a given period of time by CPT code, provider, and service type. It also provides a breakdown of volume by insurance payer and a comparison to previous months.
- Track CPT codes (such as session times, medication management, etc.)
- Gross and net collection rates
- Resolve rate
- Denial rate
- Missed filing deadlines
- Unbilled claims percentage
- How many days in accounts receivable
- Weekly performance, monthly trends, and quarterly updates
Group Practice Metrics Reporting
As your practice grows and your team expands to include new providers and clients, it can be challenging to track all of your various CPT statistics. That’s where we can help!
Our metrics reporting solutions break down CPT statistics by clinician to help owners stay on top of clinician productivity and volume. In understanding these metrics, practice owners can track growth and stability and make informed decisions for daily operations, such as when to hire additional clinicians for the practice.
Benefits of Metrics Reporting
Metrics reporting forms the foundation for revenue cycle improvements and the growth of your evolving practice. Tracking and understanding key performance indicators (KPIs) for your billing helps you understand the financial health of your practice.
By closely tracking KPIs over time, your team gets on the same page about growth opportunities. Most importantly, these metrics also serve as your early warning system. When something looks off, you can resolve potential problems with confidence.
- Get everyone on the same page
- Evaluate your team’s performance
- Hold staff and billing partners accountable
- Work with team members to find solutions
- Evaluate opportunities for growth