KevinMD January 14, 2023
Healthcare Business & Technology states that “doctors in the U.S. leave approximately $125 billion on the table each year due to poor billing and coding practices.”
As your private practice grows, don’t leave money on the table!
This article reviews the top 5 billing metrics and benchmarks you should be aware of to track your performance and set key performance indicators (KPIs) when running a private practice. Practices that make the recommended changes and track their metrics can grow revenue by up to 30 percent.
Metric #1: clean claims rate
Explained: A “clean claim rate” refers to the percentage of submitted claims without errors accepted by the insurance carrier upon the first submission.
Recommendations: Practices should aim for a clean...
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