Although it’s significant, cash flow alone isn’t a reliable barometer of financial health for a medical practice. How can you identify areas of financial strength and where improvements are needed? By understanding these 5 key performance indicators (KPIs), you can gain valuable insights into your practice’s revenue cycle. Keep in mind that KPI guidelines may vary based on specific goals of your practice or nuances of your specialty. Start by monitoring payment trends. Track overall speed to payment and keep an eye on unbilled charges. What percentage of your practice’s total charges get paid? To find out, calculate the adjusted collection rate: As a general standard, your practice should seek an adjusted collection rate above 95%.