Days in net accounts receivable (AR) is a key factor in determining a hospital revenue cycle's effectiveness, as it takes into account both internal processes and payer workflows. Organizations with low performance on this metric (high net AR days) experience significant delays between patient discharge and final payment, which negatively impact both cash flow and cash on hand.
But our research shows that net days in AR have gradually worsened for both high- and low-performing organizations since 2011. This research note details what benchmarks and best practices you can turn to as you pursue a renewed focus on decreasing your organization's net AR days.
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The 2015 Revenue Cycle Benchmarking Initiative