12/05/2025
It is that time of year again where medical practices need to evaluate their financial performance. Fee schedules need to be updated. New billing and authorization policies need to be reviewed. The purchase of updated CPT, ICD-10 and HCPCS books needs to be done.
If you aren't collecting what you think you should be collecting, contact us for a free practice analysis. We will evaluate your gross and net collection rates and your days in AR. If you provide multiple years of data, we will compare year over year and see if your practice is growing or contracting.
A healthy business should see a consistent 5% or more growth in revenue year over year. A healthy medical practice should have days in AR in the high 20s. If your fee schedule is set correctly, you should have a gross collection rate between 35 and 40%. If it is higher than that, you need to increase your prices. If it is lower than that, you may have issues in your accounts receivable.
