Revenue Cycle Performance Awards
Learn more about the six health systems recognized for revenue cycle performance excellence during the 2024 Healthcare Virtual Symposium.
“2023 was another year of complex challenges for revenue cycle teams around the country, underscoring the impressive accomplishments of the health systems recognized with Revenue Cycle Performance Awards,” said Colleen Hall, senior vice president and Revenue Cycle leader at Kodiak. “We congratulate the award recipients for their excellent work to ensure their health systems are paid appropriately for the vital care they deliver.”
2023 award winners
The Revenue Cycle Performance Awards celebrate improvement in healthcare revenue cycle operations. Awards were determined based on organizational performance on top revenue cycle KPIs within the patented Kodiak Solutions Revenue Cycle Analytics (RCA) software. Our RCA Next technology tracks all claims activity for more than 1,850 hospitals and 250,000 physicians across the country.
2023 Top Performing Revenue Cycle recipients:
- Banner Health
- Baylor Scott & White
- Cottage Health
- Intermountain Health Peaks Region
- Scripps Health
(CHRISTUS Health was recognized as the 2023 Most Improved Revenue Cycle operation.)
About the awards
The Revenue Cycle Performance Awards recognized awardees in multiple revenue cycle categories. The Top Revenue Cycle Performance Award, presented to five organizations, was determined based on revenue cycle KPIs monitored through Kodiak’s Performance Analytics products, including:
- Bad debt as a percentage of gross patient service revenue
- Credit days
- DNFB (discharged not final billed) days
- Initial denial rate
- Insurance payment gap denied vs. non-denied
- Late charges as a percentage of gross patient service revenue
- Point of service cash collections
- Six-month lagged cash to net revenue
- Self-pay after insurance patient collection rates
- True A/R (accounts receivable) greater than 90 days
- True A/R days
Organizations were scored using Kodiak’s Revenue Cycle Index Score, which weighs each revenue cycle KPI to create a score indicative of overall revenue cycle performance within the past 12 months.
About Kodiak
As a technology company, we harness the power of our data and unparalleled expertise to help our partners navigate the daily challenges that lay ahead. For nearly 20 years, Kodiak (formerly part of Crowe LLP), has teamed up with health system finance leaders to identify clear paths forward in building more efficient and financially sustainable organizations. With experience working with hospitals, health systems, physician practices, academic medical centers, and beyond, our 400 dedicated employees work across financial departments to create sustainable long-term value for our customers.
For press inquiries
Vince Galloro
(312) 625-2137
