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1
05 Dec
2016-12-05 - 2016-12-07    
All Day
5th International Conference on Global Food Safety 2016, December 05- 07, 2016 San Antonio, USA   Short Name – Global Food Safety 2016 Theme:  Addressing [...]
Events on 2016-12-05
White Papers

5 MUST-TRACK METRICS FOR PRACTICE PROFITABILITY

FIRST-PASS
RESOLUTION RATE
Metric 1.
What It Is:The first-pass resolution rate (FPRR) is the share of a practice’s claims that getpaid by insurers on first submission

Calculation:Total Number of Claim Charges Paid / Total Number of Charges Submitted

Benchmark:FPRR should be 90% or above.

Why It Matters: FPRR is a reflection of the effectiveness of your revenue cycle managementprocesses – from pre-visit processes like verifying insurance eligibility, adding required authorizations and maintaining accurate patient demographics topost-visit tasks like coding and billing. Getting it right the first time is criticalto maximizing both efficiency and profitability.

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