logo
  • Home
  • About
  • Services
    • ABA Therapy Billing and Coding
    • Medical Billing
      • Medical Claims Recovery
    • Pediatric Medical Billing Services
    • Physician Medical Billing Services
    • Urgent Care Medical Billing Services
  • Service Area
    • Miami
    • Orlando
      • Lake Nona Medical City
      • St. Cloud
    • Tampa
    • Fort Myers
  • Contact Us
    • Document Uploader
    • Careers Page
  • Submit Payment
  • Blog
  • FAQs
Key

Key KPIs to Keep in Mind

February 10, 2022blog, Medical Billing

Is your medical billing process optimized? You’re probably asking yourself what that even means. Simple, are you billing efficiently? How do you keep track of the process? Do you know how long things are “outstanding”? If you don’t know how to even begin to answer those questions you’ve come to the right place.

Key Performance Indicators for medical billing are: (in no specific order)

  • Net collection rate
    • For each dollar you can collect, what percentage are you actually collecting? Did you get the entire rate? Great! If not, you need to add the payer’s reimbursement and what the patient may have paid to see where on your percentage meter it falls. While one-hundred percent is the ideal collection rate, ninety-seven is great too. The percent left after is just bad debt and you may just have to chalk it up to that.
  • Days outstanding
    • If you’re wanting to calculate this, you’ll need to decide what buckets you’re going to use and when to decide to stop pursuing a payment. The ideal outstanding time is 40-45 days. Aged outstanding bills over 120 days are an area you may want to look at keeping under ten-to-twelve percent.

If you feel your medical billing may be too overwhelming and involves more variables than you and your team are willing to expend time and energy on, give Gables a chance to get your reimbursement the first time.

Tags: Central Florida Medical Billing Services, Florida Medical Billing Services, medical billing, medical billing specialists

Related Articles

Why Outsource Medical Billing Instead of Hiring In-House Staff

February 25, 2021Gables Medical Billing

Meet and Exceed Patient Expectations with Top Florida Medical Billing Specialists

August 10, 2021Gables Medical Billing

Why Outsource Medical Billing

November 8, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Dermatology Coding Challenges: How Outsourcing Billing Simplifies the Process
  • Outsourced Cardiology Billing: A Smart Way to Reduce Operational Stress
  • How Family Practices Improve Patient Care by Outsourcing Medical Billing
  • Streamlining Internal Medicine Practices Through Outsourced Billing
  • Why Outsourced Medical Billing Is Essential for Modern Healthcare Providers

Request a Quote

    Full Name *

    Email *

    Phone Number *

    Company Name *

    Your Comments *

    cf7captchaRegenerate Captcha

    About GMB

    logo

    Gables Medical Billing has adapted to the ever-changing medical billing environment, modifying and adding to its services to proactively meet the needs of its clients.

    Services

    • ABA Therapy Billing and Coding
    • Medical Billing
    • Medical Claims Recovery
    • Physician Medical Billing Services
    • Pediatric Medical Billing Services
    • Urgent Care Medical Billing Services
    • GMR

    Recent Posts

    • Dermatology Coding Challenges: How Outsourcing Billing Simplifies the Process
    • Outsourced Cardiology Billing: A Smart Way to Reduce Operational Stress
    • How Family Practices Improve Patient Care by Outsourcing Medical Billing
    • Streamlining Internal Medicine Practices Through Outsourced Billing

    Contacts

    Medical Billing Services in Miami & Orlando
    786-725-2120
    info@gablesmedbilling.com

    Follow Us

    Facebook
    Twitter
    Google+
    Privacy Policy | © Copyright 2025
    Website managed by Earning Wise Digital Marketing