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Profitable Data Analytics Insurance
2016-09-21 - 2016-09-22    
All Day
Dates: September 21 – 22, 2016 (Workshop day - Morning September 20th)   Location: Chicago Illinois   Venue: CONGRESS PLAZA HOTEL, 520 South Michigan Avenue [...]
11th Global Summit and Expo on Food & Beverages
2016-09-22 - 2016-09-24    
All Day
Accentuate Innovations and Emerging Novel Research in Food and Beverage Sector Aim: Food and Beverage industry is the largest manufacturing sector in the America in terms [...]
Events on 2016-09-21
Events on 2016-09-22
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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