Which of the following metrics indicates the efficiency of collecting payments from patients?

Prepare for the RHIT Domain 4 exam with our comprehensive study material. Dive into flashcards and multiple-choice questions to reinforce your understanding. Ace your Revenue Cycle Management test!

The metric that indicates the efficiency of collecting payments from patients is Days in Accounts Receivable (AR). This measurement reflects the average number of days it takes for a healthcare organization to collect payments owed by patients after services have been rendered. A lower number of days in accounts receivable signifies that payments are being collected more quickly and efficiently, while a higher number suggests potential issues with the billing process or patient payment compliance.

In contrast, while the Claim Denial Rate is an important metric for understanding how often claims are rejected by payers, it does not directly measure the efficiency of collecting payments from patients. The Patient Satisfaction Score, although valuable for gauging the experience of patients, does not provide any insight into the financial collection process. Lastly, Net Expected Revenue relates to the estimated income from services provided but does not reflect the timeline or effectiveness of receiving those payments.

Focusing on Days in Accounts Receivable presents a clear picture of the organization's cash flow and operational efficiency regarding patient payments.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy