AMBARA has been established to assist Ambulance, EMS, and Medical Transport companies, in fulfilling their mission to cultivate financial stability, and accountability, through the capture and sharing of Accounts Receivable (A/R) data. AMBARA’s goal is to help establish A/R and Revenue Cycle Management (RCM) benchmarks.
Bert Markgraf, Demand Media, is a freelance writer with a strong science and engineering background who wrote an article for Small Business - Chron.com entitled “How to Benchmark your Business”. http://smallbusiness.chron.com/benchmark-business-23855.html. Within his article, Bert’s provided the framework as to why benchmarks are crucial to becoming a successful business:
"Benchmarking means comparing the operation of your business to other, similar businesses and establishing a performance level that you try to reach. It starts with identifying business processes that are measurable and that exist in other businesses. A survey indicates which business performs the best with regard to this process, and this level of performance is typically chosen as the benchmark. You can then examine why your performance is not as good and take measures to improve it. Such benchmarking allows you to distinguish the business areas that are doing well from those that need improvement and focus on the latter."
Timely A/R benchmarks empower decision makers to make specific short range plans, based upon current reality rather than historic data, that will be the foundation for long term success. Currently, Ambulance and EMS have a number of resources by which to gather and compare medical and response data, on both the state and federal level. While they may be performing at the highest level of excellence in the field...
The answers to these type of RCM questions, and more, can be found through the use of AMBARA's A/R database.