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02 Apr
2014-04-02    
All Day
Conference Link: http://www.nhlc-cnls.ca/default1.asp Conference Contact: Cindy MacBride at 1-800-363-9056 ext. 213, or cmacbride@cchl-ccls.ca Register: http://www.confmanager.com/main.cfm?cid=2725 Hotel: Location: Fairmont Banff Springs Hotel 405 Spray Ave Banff, [...]
Events on 2014-04-02
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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