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From a healthcare management perspective, Create a short paper on how KPIs support the strategic planning and financial performance of the revenue cycle. Key Performance
From a healthcare management perspective,
Create a short paper on how KPIs support the strategic planning and financial performance of the revenue cycle.
Key Performance Indicators: Explain the significance of at least six general key performance indicators (KPIs) from anywhere in the revenue cycle. Consider the following questions to guide your response:
- Why are these KPIs significant?
- How do these KPIs impact patient experience?
- Strategic Planning: Explain how the KPIs you selected support strategic planning. Consider the following questions to guide your response:
- What could be some examples of strategic decisions that these KPIs impact?
- How would the KPIs guide the organizations to develop price transparency tools for patients?
- Data Analysis: Describe how you can identify opportunities for improving cash flow from an organization's financial data. Consider the following questions to guide your response:
- How would you capture the data required for the analysis?
- How would you restructure the revenue cycle workflows to accommodate opportunities to improve the cash flow?
- Leveraging Technology: Explain how you can leverage technology to support opportunities for improving cash flow. Consider the following questions to guide your response:
- Which workflows in the revenue cycle would best accommodate technological changes?
- What types of technological innovations should be considered for an improved performance of revenue-cycle operations?
All the claims in your deliverable should be evidence-based.
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