Question

During revenue cycle monitoring, the revenue cycle is assessed to ensure financial viability and stability using metrics, which are standards of measurement. List and explain the metrics used during revenue cycle monitoring.

Answer 1

Answer:

Common financial metrics used in the revenue cycle include net days in accounts receivable, discharged not final billed, and aging accounts receivable. Tracking such metrics allow organizations to measure and monitor performance against set goals

Explanation:

Answer 2

Answer:

Involves assessing the revenue cycle to ensure financial viability and stability using metrics (standards of measurement) Metrics used: cash flow, days in accounts receivable, percentage of accounts receivable older than 30, 60, 90, 120 days, net collection rate, denial rate.