Seven More Tips For Improving Health Plan Collection Rates

If a health care practice collects just 80% of all medical claims, that means 20% is left on the table. With target net revenue collection rates of over 95% or higher (see Best Practices For Assessing The Effectiveness Of Your Revenue Cycle Operations and Finances And Your Practice), even with best practice revenue cycle management (RCM) operations already in place, there are still ways specialty provider organizations can continue to improve their collection rates for health plan claims. Here, I share seven additional tips for improving collection rates.;

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