What does KPI stand for?

The term KPI stands for Key Performance Indicators. Key Performance Indicators are measurable values that demonstrate how effectively an organization is achieving key business objectives. Organizations use KPIs to evaluate their success at reaching targets and to gauge progress toward specific goals. In the context of healthcare and HCC coding, KPIs can be crucial for monitoring performance, quality of care, and compliance with regulatory standards.

By focusing on critical areas such as patient outcomes, coding accuracy, and risk adjustment metrics, healthcare organizations can leverage KPIs to inform decision-making, enhance operational efficiency, and ultimately improve patient care. In summary, understanding how to identify and utilize KPIs can significantly impact the effectiveness and efficiency of healthcare delivery.