• Doctors CFO

Understanding The Clinical Supply KPI for Medical & Dental Providers

Updated: Oct 25, 2019


Tracking your clinical supply costs is critical to running a successful medical or dental practice. Definitions are also important, so Doctors CFO defines clinical supplies as the total of clinical supplies plus lab fees plus DME / retail supplies plus business sales & use tax. Traditionally, the KPI (Key Performance Indicator) for clinical supplies is a percentage of collections which is computed by taking clinical supply costs divided by collections.

Though this KPI is acceptable if your production is in a steady state, and you are comparing yourself to yourself; it lacks the sophistication to compare yourself to others that have a different patient insurance mix. Therefore, those with better paying commercial insurance will have a lower percentage than say those that are more focused on Medicaid or Medicare. As such, Doctors CFO has determined that a better KPI is clinical supply costs per patient encounter. The main benefit is that if your payer rates change, this KPI will not be affected and you can truly see if your clinical supply costs are going up or down. If you want to better understand how to use this KPI in your medical or dental practice, please reach out to us at info@drcfo.com.

Cost per Encoutner = Clinical Supplies / Patient Encounters


#customerengagement #clinicalsupply #medicalkpi #practiceanalysis #practicemanagement


private practice consulting management consulting private practice consulting for doctors and dentists new patient acquisition new patients managing medical staff managing dental staff helping managing staff increasing patient revenue profitable practice increase practice revenue practice revenue get more patients practice growth management reporting medical KPI healthcare ROI practice manager practice analysis medical cfo medical consulting healthcare consulting medical office management practice management medical staff front office clinic management top dental consultants top medical consultants salary planning extend knowledge business specialist what do you struggle with new patients practice valuation business valuation equipment amortization equipment ROI equipment planning how to make more money in a practice Do private practice doctors make more money? How much does a private practice make? high impact healthcare consulting nexus medical consulting new jersey medical consulting axiom medical consulting orchard medical consulting medical coding outsourcing employers dental services dental clinics chicago medical billing and coding jobs near me emergency dental services near me medical billing specialist salary emergency dental services dental clinics north free dental clinics free dental clinics near me counseling private practice business plan medical practice consultant medical consulting jobs ohsu dental clinics dental services group medical billing and coding salary per hour medical billing jobs near me aps medical billing remote medical billing jobs starting a private practice in counseling private practice therapist medical consulting medical billing specialist private practice therapy how to start a counseling private practice how to start a private practice starting a private practice kareo medical billing private practice counseling american medical billing association medical billing jobs how much does it cost to start a medical practice start a private practice medical billing resume peak dental services medical billing and coding certificate dental clinics how much do therapists make medical billing salary medical billing and coding jobs start a medical billing company private practices near me medical billing from home how to be a good therapist start a medical practice dental services near me medical billing and coding online courses cost medical billing and coding pay medical billing and coding job description medical billing and coding classes pacific dental services locations medical billing denial codes and reasons medical billing and coding from home medical billing jobs from home accredited medical billing and coding schools online with financial aid medical billing and coding salary by state dentures and dental services work from home medical billing how to be a therapist medical billing and coding jobs from home how to become a therapist medical billing outsourcing free dental services for adults medical billing coding salaries medical billing and coding programs medical billing and coding online courses free medical billing and coding schools near me medical billing and coding salary medical consulting firm top medical billing company medical billing software dental health services what is medical billing medical billing training top accredited online medical billing and coding schools dental clinics for low income families dental clinics near me accredited medical billing and coding schools local free dental clinics medical billing and coding classes near me epic medical billing meaningful use in healthcare medical billing services low cost dental clinics near me free dental services medical billing classes accredited medical billing and coding schools online medical billing advocate medical billing certification what is medical billing and coding free emergency dental services medical billing and coding school medical billing company medical billing company medical billing and coding schools medical billing companies meaningful use healthcare

0 views

Follow

  • White RSS Icon
  • White YouTube Icon
  • White Instagram Icon
  • White LinkedIn Icon
  • White Facebook Icon

Contact

611 Wilson Ave, Suite 7, Pocatello, ID 83201, USA

©2019 by Doctors CFO LLC, All Rights Reserved.