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iHealth 2017 Clinical Informatics Conference
2017-05-02 - 2017-05-04    
All Day
iHealth 2017 Clinical Informatics Conference May 02 - 04, 2017 Philadelphia, PA Loews Philadelphia Hotel Register Now About the ConferenceiHealth is where clinicians, informatics professionals [...]
Chicago Health IT Summit
2017-05-11 - 2017-05-12    
All Day
About the Health IT Summits Renowned leaders in U.S. and North American healthcare gather throughout the year to present important information and share insights at [...]
Events on 2017-05-02
Events on 2017-05-11
Chicago Health IT Summit
11 May 17
Chicago
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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