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Boston Health IT Summit
2017-06-15 - 2017-06-16    
All Day
About Health IT Summits Fuel your Passion. Transform Healthcare. Renowned leaders in U.S. and North American healthcare gather throughout the year to present important information [...]
Nashville Health IT Summit
2017-06-27 - 2017-06-28    
All Day
U.S. healthcare is at an inflection point right now, as policy mandates and internal healthcare system reform begin to take hold, system-wide. How can healthcare [...]
Events on 2017-06-15
Boston Health IT Summit
15 Jun 17
Boston
Events on 2017-06-27
Nashville Health IT Summit
27 Jun 17
Nashville
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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