Net Collection Rate Formula

The adjusted collection rate represents the percentage of reimbursement collected from the total amount allowed based on contractual agreements and other payments, i.e., what you collected versus what you could have/should have collected. This metric shows how much revenue is lost due to factors in the revenue cycle such as uncollectible bad debt, untimely filing, and other noncontractual adjustments. Memory Stick Ind And Mstk Pro Industrial Dtm on this page. Best Practice Tips • The adjusted collection rate should be 95%, at minimum; the average collection rate is 95% to 99%. Free Download Hindi Movie Jaane Bhi Do Yaaron. The highest performers achieve a minimum of 99%. • Use a 12-month time frame when calculating the adjusted collection rate. • Keep fee schedules and reimbursement schedules on hand to get an accurate picture of what you should have been paid and avoid inappropriate write-offs. Air Gap Device For Water Softener.

Net Collection Ratio FormulaMgma Net Collection Rate Calculation