Hi Kevin,
The following ten measures have been identified by the RBMA Data Collection and Reporting Committee as key indicators of accounts receivable
management performance and are reported in this survey:
1. True cost of billing
2. Net collection percentage
3. Days in A/R
4. Billing Service Costs
5. Billing/collection cost per procedure
6. Accounts receivable aging percentage over 120 days
7. Total Credit Balance over 90 days
8. Total Credit Balances
9. Self-Billing Costs
------------------------------
Jessica Struve, CAE
Deputy Executive Director, RBMA
Fairfax VA
(703) 621-3359
jessica.struve@rbma.org------------------------------
Original Message:
Sent: 01-26-2022 09:54
From: Kevin Ordway
Subject: Radiology Key Indicators for AR
Can anyone provide some specifics on what type of data is in this survey?
Original Message:
Sent: 1/26/2022 9:12:00 AM
From: Robert Still
Subject: RE: Radiology Key Indicators for AR
Christy
RBMA just recently published our Accounts Receivable Benchmarking Survey which would be a great help as you look for industry standards in revenue cycle management. This is a valuable tool!
https://www.rbma.org/RBMAMembers/Resources/Data-and_Surveys.aspx?WebsiteKey=c0b5773b-35ad-46b6-a5d3-a2ab26b9f328&hkey=10b0ff37-ab47-4ed7-9f12-fa2b57f3f26d&Data_and_Survey_Tabs=2#Data_and_Survey_Tabs
Sent from Mail for Windows
Original Message:
Sent: 1/26/2022 9:05:00 AM
From: Sharon Fremer
Subject: RE: Radiology Key Indicators for AR
Hi Christy,
I am happy to connect one on one to understand more about your practice so that I can give you some input on what is acceptable, and what is not. There are many factors that impact the bad debt and collection rates, but in a short call I can at least give you some insight on what I see in the market. I am an independent business advisor for practices and business in the revenue cycle space and have experience with large, small, inhouse, outsource organizations and also am familiar with hospital pro fee and/ or imaging center results. Happy to share my thoughts on a quick call with you. Just email me directly if you would like to connect.
------------------------------
Sharon Fremer
CEO, Owner
Fremer Group, LLC
Alpharetta, GA
678-938-7953
Original Message:
Sent: 01-25-2022 19:15
From: Christy Hembree
Subject: Radiology Key Indicators for AR
Hello,
Can someone tell me what you consider an acceptable loss of revenue from your RCM company? I am looking for industry standards. Do you have timely filings and if so, what do you consider acceptable? I am specially looking for hospital based radiology. I know the RBMA used to have a survey for key indicators, but I cannot locate it.
Christy Hembree, CPC
Director of RCM: Coding & Compliance | Summit Radiology Services
C |770-755-3092 F | 678-929-5507
PO Box 200096 | Cartersville, Georgia | 30120
summitrad.net
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