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Accounts receivable A/R benchmarking data source

Earlier in my career, when I worked for a firm of hospital consultants, there was a seasoned senior partner who counseled me to keep my antennae out for what he called “credible sources,” in other words — data from reliable, gold standard sources.  I’m going to talk about one of these data sources today.

According to a conversation I had today with the editor, HARA is based on survey responses from about 100 to 150 hospitals, mostly community and all not-for-profits.  The data are reported on a quarterly basis and are produced quickly.  It’s mid-May as I’m writing this and we just received the 4th Quarter 2010 report, so publication is only lagging the actual date of the data by about 4 months, which is admirable.

HARA is chock full of benchmarking data in these major topic areas:

  • Gross days revenue outstanding
  • Uncollectibles
  • Denials
  • Aging of accounts receivable
  • Medicare, managed care and other sources of revenue (payor mix)
  • Billing information
  • Staffing and salary data

Here’s a snippet of some data from the latest report:

OPEN ACCOUNTS/COLLECTOR: By bed size, 4th Quarter 2010

  •   8,100 (US average)
  • 11,000 (under 100 beds)
  • 5,600 (100-199 beds)
  • 10,700 (200-399 beds)
  • 3,700 (400-699 beds)
  • [Note: I rounded these numbers.]

 Posted by the AHA Resource Center, (312) 422-2050, rc@aha.org

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