KPI in Medical Billing
KPI stands for Key Performance Indicator, a measurable value used to track the efficiency and success of medical billing operations.
KPI in Medical Billing Explained
In medical billing, KPIs are metrics that help providers and billing departments assess their performance in areas like claim submission, reimbursement rates, denials, and accounts receivable days. Tracking KPIs helps improve financial outcomes.
For example, a clinic monitors its KPI for claim denial rates to reduce errors and improve the claims process.
Find common acronyms and abbreviations in Medical billing glossary.
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