KPI of the Day – Accounting Performance: $ Claims severity

Definition
Measures the total cost of claims incurred over the period.
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Measures the total cost of claims incurred over the period.
Measures the extent at which the profits come from customer service charges.
Johnson Matthey is an international special chemicals company underpinned by science, technology and its people. A leader in sustainable technologies, many of the group’s products enhance the quality of life of millions through their beneficial impact on the environment, human health and wellbeing.
Measures the proportion of each dollar of revenue (sales) that the entity retains as gross profit.
Measures the average hospital cost encountered for each discharged patient.