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03 Dec
2018-12-03 - 2018-12-05    
All Day
ConferenceSeries LLC, Ltd in conjunction with its institutional partners and Editorial Board Members, is delighted to invite you all to the 5th  International Congress on Healthcare & Hospital Management going [...]
05 Dec
2018-12-05 - 2018-12-07    
All Day
Microsoft Technology Center New York, NY Bridging the Digital Divide with Evidence Based Medicine The call for evidence in digital medicine is getting louder and [...]
Events on 2018-12-05
05 Dec
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.

source