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Key Performance Indicators for Healthcare

The Power of KPIs in Healthcare | Enhance Operational Success and Patient Care This video delves into Key Performance Indicators (KPIs) for healthcare and how they can transform the operational success of your practice. Whether you're part of a small independent practice or a larger medical group, it will guide you through the essentials of using KPIs effectively to monitor and enhance various aspects of your healthcare organization. What You'll Learn: ➤ Introduction to KPIs: Understand what KPIs are, specifically in the healthcare context, and why they are crucial for measuring long-term performance and operational efficiency. ➤ Financial Health Indicators: Explore important financial KPIs like 'days in AR', average cash flow, and profitability metrics that help track and improve your organization's financial performance. ➤ Operational Efficiency Metrics: Learn about operational KPIs that affect patient satisfaction, such as average patient wait time and claims denial rate, and discover strategies to optimize these processes. ➤ Patient Care Quality Measures: Gain insights into KPIs related to patient care, including electronic clinical quality measures (eCQMs) and safety issues, to ensure high standards of patient care and safety. ➤ Making the Investment: Discuss the benefits of formally adopting and monitoring KPIs within your practice to continually improve quality care and operational efficiency. This video is essential for healthcare professionals who want to leverage KPIs to boost their practice’s performance and patient care quality. By the end of this session, you'll be equipped with the knowledge to implement and benefit from a systematic approach to KPIs in your healthcare setting. ▬▬▬▬ Content of this video ▬▬▬▬ 0:00 Cover 0:03 Intro to Key Performance Indicators for Healthcare 0:47 Types of KPIs 1:39 Financial KPIs 2:53 Operational Efficiency KPIs 4:21 Patient Care KPIs 5:19 Formalizing Your KPIs 5:58 Closing Subscribe to us on YouTube:    / @thefoxgroup   ▬▬▬▬ Related & useful links ▬▬▬▬ 📄 Companion Article: https://www.foxgrp.com/assessment-ben... 📽️ All The Fox Group’s videos:    / @thefoxgroup   ▬▬▬▬ The Business of Healthcare ▬▬▬▬ 🌐 Visit our website: https://www.foxgrp.com/ 📧 Get our free newsletter: https://www.foxgrp.com/newsletter 📞 Contact us: https://www.foxgrp.com/contact/ ★ Serving the Healthcare Community Since 1989 #HealthcareKPIs