![\"\"](\"https:\/\/risefoc.com\/wp-content\/uploads\/2022\/06\/Scorecards-stock.jpeg\")
<\/p>\n<\/p>\n
By: Joe Mack, Director of Revenue Cycle<\/strong><\/p>\n Every system and EHR has some form of reporting – some more robust than others. There are weekly standups, canned reports, and uber metrics like cash, DNFB, and AR Days.\u00a0 The list goes on and on…\u00a0\u00a0<\/span><\/p>\n Regardless of how they are looked at, any use of data is better than none.\u00a0 The real challenge is focusing on what you really need without being overwhelmed by what you don\u2019t.<\/span><\/p>\n One thing I have found to be helpful is the use of scorecards to both supplement and simplify all the data that is out there. There is so much data at our fingertips that it\u2019s easy to get lost in the noise.\u00a0<\/span><\/p>\n For me, scorecards help solve that problem.<\/strong>\u00a0\u00a0<\/span><\/p>\n The benefits of having relativity and key data at a glance make revenue leadership decisions easier.\u00a0<\/span><\/p>\n Don\u2019t know which payer to target for your next rate negotiation?\u00a0 Use scorecards.\u00a0<\/strong><\/span><\/p>\n Don\u2019t know which clinic is having the lowest overall revenue cycle performance?\u00a0 Scorecards \u221a\u00a0<\/strong><\/span><\/p>\n So now that I\u2019ve generically mentioned \u2018scorecards\u2019 several times, let\u2019s go deeper with an example.\u00a0 In this case, we can continue the payer scorecard approach.\u00a0 Most systems know who their top payers are, both in volume and rates.\u00a0 They can also name their perceived poor performers, though sometimes that perception can be anecdotal.\u00a0<\/span><\/p>\n Scorecards provide more than that, and should be developed to take key information from various departments to create a simple and actionable view to drive negotiations with payers going forward.\u00a0 The key is to always be grading.<\/span><\/p>\n Scorecards can be used for departments and clinics, IT projects, and even staff. They can be the driver for monthly revenue cycle meetings, and they can be applied to vendors to gauge where the best (or worst) usage of your vendor dollars is.\u00a0 I use them for all of my clients because they help me identify a problem, and move budget and resources to tackle it quickly.<\/span><\/p>\n Some of the best components to include in payer scorecards are<\/span><\/p>\n <\/p>\n Feel free to use the metrics listed above, but don\u2019t just settle there.\u00a0 Come up with your own!\u00a0 Create a set of metrics that will drive impact throughout your organization.\u00a0\u00a0<\/span><\/p>\n Here is a step-by-step approach to developing your own scorecards:\u00a0<\/span><\/p>\n <\/p>\n Customizing your scorecards to meet your specific needs is critical.\u00a0 It will save you time, align all stakeholders, and make it easier for you to make the necessary changes to drive results.<\/span><\/p>\n So, what are you going to grade today?<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" By: Joe Mack, Director of Revenue Cycle Every system and EHR has some form of reporting – some more robust than others. There are weekly standups, canned reports, and uber metrics like cash, DNFB, and AR Days.\u00a0 The list goes on and on…\u00a0\u00a0 Regardless of how they are looked at, any use of data is […]<\/p>\n","protected":false},"author":1,"featured_media":8722,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","om_disable_all_campaigns":false,"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[9],"tags":[],"acf":[],"yoast_head":"\n\n
\n
\n