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14 Jun
2018-06-14 - 2018-06-15    
All Day
ConferenceSeries LLC Ltd in conjunction with its institutional partners and Editorial Board Members are delighted to invite you all to the 13th World Congress on Healthcare and Technologies  going [...]
21 Jun
2018-06-21 - 2018-06-22    
All Day
Conference Series extends its welcome to 2nd World Congress on Patient Safety & Quality Healthcare June 21-22, 2018 Dublin, Ireland. With a theme “Consolidating Knowledge to Improve [...]
Events on 2018-06-14
Events on 2018-06-21
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