You have recently been hired as a revenue-cycle management specialist at Raywood Memorial Hospital. Your direct supervisor, the VP of Revenue-Cycle Management, has asked you to prepare a presentation for the next stakeholder meeting. Keeping in mind, the stakeholder group is composed of both financial and non-financial professionals.

• Complete the fields in the attached table, illustrating national benchmark data, and RMH data.
  • Supply data of your choosing anywhere red text is present
• Create a brief Powerpoint presentation for the stakeholder meeting, summarizing the data contained in the excel document.
  • In one slide, explain the RMH's overall fiscal condition, as defined by the metrics in the excel document.
  • Highlight three metrics (one per slide)
    • Briefly explain to the stakeholders why you chose those three to focus on for the purpose of this meeting.
    • Explain the relationship between national benchmarks and RMH data; providing explanations for data that falls short of, and exceeds, the benchmark.
  • Summarize RMH's "next steps" in a closing slide 

Transcribed Image Text:

A/R Days Percent of A/R greater than 90 days Cost to collect Overall Metrics Metric Metric Category 3 Metric Metric Category 1 (ex: Scheduling) Metric (ex: insurance verification rate) Metric Category 2 Metric Category 4 Metric Defect Metrics Metric Definition Net patient accounts receivable/(Annual net patient revenue/365 days) Accounts receivable aged greater than 90 days/Total accounts receivable Total revenue cycle costs/Total cash collecged Definition (ex: # of verified encounters / # of registered encounters) Definition Definition Definition National Hospital Benchmark Raywood Memorial Hospital 47 days X 28.5% 3% X X X X X X X X X X A/R Days Percent of A/R greater than 90 days Cost to collect Overall Metrics Metric Metric Category 3 Metric Metric Category 1 (ex: Scheduling) Metric (ex: insurance verification rate) Metric Category 2 Metric Category 4 Metric Defect Metrics Metric Definition Net patient accounts receivable/(Annual net patient revenue/365 days) Accounts receivable aged greater than 90 days/Total accounts receivable Total revenue cycle costs/Total cash collecged Definition (ex: # of verified encounters / # of registered encounters) Definition Definition Definition National Hospital Benchmark Raywood Memorial Hospital 47 days X 28.5% 3% X X X X X X X X X X

Answer rating: 100% (QA)

AR Days The AR days metric is used to measure the average number of days it takes a hospital to collect payments from patients and other insurance providers According to the national benchmark data th... View the full answer