For resource-strapped healthcare organizations, just ten more minutes from front-end registration staff can save several business office follow-up hours, obtaining authorization numbers and resubmitting claims. To save unnecessary wasted time, consider the following three Key Performance Indicators (KPIs) in healthcare associated with the patient registration process:
Preregistration rate
Insurance verification rate
Service authorization rate
These three patient onboarding healthcare KPIs help reveal how much a organization values and maximizes initial contact with patients. If your organization falls below industry standards, getting back on track does not have to be an overwhelming process. A policy as simple as requiring preregistration during the appointment process can decrease patient wait times while improving check-in workflow and collection rate.
For more healthcare revenue cycle management tips, check out our insight articles.
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