Receipts statistics. To get started, the receipts team leader is assigned. If this is you, next you will visit with your doctors and office manager to set goals. It’s important to also communicate your goals with the rest of your team and report to them often. We have provided guidance when settings goals for your key receipts stats.
Next, review each stat to determine if the information is already being gathered electronically, and if so, ensure your team is entering this data accurately and consistently. Then, write your process of data generation, which should include the name of the report, the location of the report, and any other relevant settings, such as report start and end date. This ensures the data is being generated with consistency and will help maintain accuracy over time. If there is a stat that must be tracked manually, ensure you define, standardize, and communicate this process as well.
Finally, input stats daily on your lead measures to begin accumulating data for practice performance. All of the white cells are customizable. Simply insert your data on the appropriate date and automated formulas will generate further calculations.
All of the receipts stats are needed in order to calculate key stats, such as actual receipts, net receipts, and collection rate.
We recommend to have no more than one or two lag measures, also called wildly important goals. Identify the lead measures that will create leverage to execute or achieve your wildly important goals and then track those stats.
If your lead measure stats improve and no momentum or leverage is created toward achieving your wildly important goal, you may have a bad lead measure. Visit with your doctors and office manager to brainstorm the relationships of your lead and lag measures, ensure data is being input accurately, and replace your lead measure if needed.
With a comprehensive tool such as this, your potential for improvement is limitless! Becoming disciplined in stats is how you will grow to know your numbers. Reflect, communicate, and develop a habit of execution. These are keys to better practice performance.
We hope you are excited and feel empowered to run your stats sheet with purpose!
Next, let’s head over to the dashboard to see where the parties at.