HFMA’s MAP Keys – Can you measure Keys (KPI’s) in real time?

Hospitals across the country are considering how they are going to implement the measurement of the newly created MAP Keys within their own organization. The following are the KPI’s outlined by HFMA:

Net Days in Accounts Receivable
Aged A/R as a Percentage of Billed A/R
Point-of-Service Cash Collections
Cost to Collect
Cash Collection as a Percentage of Adjusted Net Patient Services Revenue
Bad Debt
Charity Care
Days in Total Discharged Not Final Billed
Aged A/R as a % of Billed A/R by Payer Group
Days in Final Billed Not Submitted to Payer
Days in Total Discharged Not Submitted to Payer
Late Charges as % of Total Charges
Initial Denial Rate – Zero Pay
Initial Denial Rate – Partial Pay
Denials Overturned by Appeal
Net Days Revenue in Credit Balance
Preregistration Rate
Insurance Verification Rate
Service Authorization Rate

Tracking financial and other data in real time is not just for our country’s intelligence service, it’s now available to hospital executives to track and monitor operational performance. For more information, contact me at philcsolomon@gmail.com