BUSINESS ANALYTICS PACKAGE WITH KEY PERFORMANCE INDICATORS FOR HEALTH CARE PROVIDERS

摘要

A system for comparing parameters of the revenue cycle of a healthcare provider to benchmark values is provided. The system includes a revenue cycle management company which manages the revenue cycles of a plurality of healthcare providers, wherein each of said revenue cycles includes the submission of healthcare claims by one of said healthcare providers to a plurality of healthcare payers, and the receipt of healthcare claim payments and remittance advice from the plurality of healthcare payers in response to the submitted healthcare claims; a database associated with said revenue cycle management company, wherein said database contains data relating to a plurality of parameters of the revenue cycle of each of said plurality of healthcare providers; and a non-transitory, computer readable medium having recorded therein a software program that contains suitable programming instructions. When executed by a data processing apparatus, the programming instructions cause the data processing apparatus to perform a method for (a) deriving from the database a plurality of performance benchmarks, wherein each performance benchmark corresponds to one of said plurality of parameters, and (b) displaying on a display a graphical depiction of the comparison of the value of at least one of said plurality of parameters for the revenue cycle of one of said plurality of healthcare providers to the benchmark corresponding to said parameter.