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RPA bots assisted healthcare benchmarks and quality improvement. Automated MGMA RCM KPI Benchmarking that gives you updates every 6 hours improving healthcare organizations to improve their performance by the hour. Avoid spending hours preparing revenue recovery, financial, and complete revenue cycle reports.

MGMA Benchmark KPIs you Will Get

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Administrative and Operational KPIs

Practice leaders should regularly track and analyze the following administrative & operational key performance indicators (KPIs)

  • wRVU productivity
  • Total encounters
  • Panel size
  • FTE status [i.e., full-time (1.0/40 hours), part-time (0.5/20hours)]
  • FTE staffing ratios for clinical/nonclinical staff by location
  • Patient portal use
  • Wait times (throughput)
  • Same-day appointments
  • Third-next-available appointments (By type – new/established)
  • No-show & Cancellation rates
  • Turnover/retention rate
  • Phone call stats (including volume, length, abandonment rate)

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Revenue Cycle KPIs

Regular tracking and analysis of the following billing and revenue cycle key performance indicators (KPIs) is highly recommended

  • Total medical revenue after operating costs
  • Gross revenues
  • Net fee-for-service (FFS) or other net revenues
  • Collection ratios/average reimbursement rate
  • Claims denial rates and denial write-offs
  • Bad debt and Payer mix
  • CPT® codes (E/M comparison to CMS/MGMA Procedural Profile and procedures)
  • A/R days and A/R aging comparisons (by bucket: 0-30, 31-60, 61-90, 91-120, 120+ days)
  • Charge posting and billing lag time
  • Copay collections & Patient-due collections
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Compatible With All EHRs

MGMA Revenue Cycle Benchmarks Automation

KPI Automation bots easily access your EHR and extract the necessary information to evaluate with
MGMA benchmarks and produces the reports within minutes.

Automated MGMA KPI Benchmark Report Generator

Claim Rejection

Know the story behind your claim rejection numbers.

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AR Benchmarking

Is your AR cycle too slow find out!!

Reimbursement Analytics

Are you waiting too long to get reimbursed??

Charge Submission Velocity

You work a lot. Do your charges reflect that?

Eligibility Verification

Check patient eligibility. Rinse. Repeat.

Personal Details

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Informed Decision Making At It’s Finest

Breaking the barriers of manual report generation and benchmarking

Optimization Benefits

1

Comparative Analysis
MGMA benchmarks enable organizations to compare performance against industry standards, identifying areas for improvement.

2

Performance Evaluation
Aligning KPIs with MGMA benchmarks provides an objective measure of success and helps identify strengths and weaknesses.

3

Goal Setting
MGMA benchmarks help set realistic targets that drive organizational growth and focus resources effectively.

4

Identifying Best Practices
Analyzing benchmarks reveals successful strategies used by industry leaders, informing improvements.

5

Performance Improvement
Gaps between current performance and benchmarks pinpoint areas for targeted interventions and optimization.

6

Decision Support
Benchmarking data aids informed decision-making, guiding resource allocation and operational changes.

Bottomline Benefits

1

Improved Performance
MGMA benchmarks KPIs, organizations can identify areas of improvement and work towards enhancing their overall performance.

2

Enhanced Efficiency
Benchmarking against industry standards allows organizations to streamline processes, and optimize workflows.

3

Increased Patient Satisfaction
By measuring KPIs related to patient experience healthcare organizations can identify areas for improvement to enhance patient satisfaction.

4

Better Financial Management
MGMA financial KPIs against industry benchmarks enable organizations to identify areas of financial inefficiency and cost management.

5

Strategic Decision-Making
MGMA benchmarks KPIs provide valuable insights that support data-driven decision-making about resource allocation, and investments.

6

Competitive Advantage
By benchmarking against industry standards organizations can gain a competitive edge, positioning themselves as high-performing entities.

How to get started?

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