Written by Reed Tinsley |
January 8, 2019
You should be looking at and comparing the following benchmarks to the prior year for the practice and if applicable, by provider, and to the national surveys. Is your practice improving? if not, why not? More benchmarks to follow in future posts but for now we will start with the simple ones:
- Gross Collection Percentage
- Net Collection Percentage
- Days in A/R
- A/R Ratio
- A/R in excess of 90 days old
- This year better than last year?
- Clinical/Procedure/Ancillary Encounters
- Provider Work RVUs
About the Author
Reed Tinsley CPA
This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on
accounting & tax,
practice management, and
financial planning.
Schedule a Free Consultation.
Have questions? I’m here to help.
