On June 30, Houston Methodist set a billing efficiency record across all organizations using Epic. We achieved a “Candidate for Billing” (CFB) of 1.70 days, breaking the previous record of 1.75 days set by another organization. CFB represents the amount of dollars, converted to days, still waiting to be billed.
The CFB metric is a key measure of billing efficiency. This achievement speaks to our systemwide dedication to maximizing revenue cycle effectiveness! Average-performing institutions typically have over six days’ worth of accounts receivables in review to be billed, with top performers around 4.20. Smaller numbers indicate the organization has fewer claims waiting to be billed, which translates to quicker payments for services provided.