Member Month
Categories: Metrics
You’ve got man hours and dog days...and you’ve also got member months.
Since most insurance plans charge on a monthly basis, the revenue that a plan draws can be measured by the number of patients per month. The total value of a company's portfolio of policies gets reported as member months.
You can compute the figure by multiplying the number of people enrolled in a particular plan by the total number included in that contract.
Number of members x number of months = your member months.