Better Collection Rates, More Cash

If a health care practice collects just 80% of all medical claims, that means 20% is left on the table. Even with best practice revenue cycle management (RCM) operations already in place, specialty provider organizations that are failing to collect their authorized reimbursements can still find ways to improve their collection rates for approved services from health plan claims, as goals for target net revenue collection rates exceed 95%.

Here, I share seven tips for improving collection rates, with strategic approaches to make these insights actionable:

​Maximize the billing edit capabilities of your electronic health record (EHR) system.;

​Tighten . . .