Measure:Days in Total Discharged Not Final Billed (DNFB)
Purpose:
Trending indicator of claims generation process
Value:
Indicates revenue cycle performance and can identify performance issues impacting cash flow
Equation:
N: Gross Dollars in A/R (Not Final Billed)
D: Average Daily Gross Revenue
Measure:Days in Total Discharged Not Submitted to Payer (DNSP)
Purpose:
Trending indicator of total claims generation and submission process
Value:
Indicates revenue cycle performance and can identify performance issues impacting cash flow
Equation:
N: Gross Dollars in DNFB + Gross Dollars in FBNS
D: Average Daily Gross Revenue
Measure:Late Charges as a Percentage of Total Charges
Purpose:
Measure of revenue capture efficiency
Value:
Identify opportunities to improve revenue capture, reduce unnecessary cost, enhance compliance, and accelerate cash flow
Equation:
N: charges with post date greater than three days from last service date
D: total gross charges
Measure:Net Days Revenue in Credit Balance
Purpose:
Trending indicator to accurately report account values, ensure compliance with regulatory requirements, and monitor overall payment system effectiveness
Value:
Indicates whether credit balances are being managed to appropriate levels and are compliant to regulatory
Equation:
N: Dollars in Credit Balance
D: Average Daily Net Patient Services Revenue