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1st Annual Africa Forum on Quality and Safety in Healthcare
2018-02-19 - 2018-02-21    
All Day
Overview For decades, IHI has been a world-renowned leader in health care improvement, teaching proven methodologies for making and sustaining change. In February 2018, IHI [...]
26 Feb
2018-02-26 - 2018-02-28    
All Day
Hear, explore and learn the latest research. Present before distinguished global audience. Collaborate, build partnerships and experience London. Join the global academic community. Conferenceseries Ltd, [...]
Events on 2018-02-19
Events on 2018-02-26
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