Best used to: Understand what percentage of your charges are collected.
Designed for: Administrators
Filters: Last 6 Months, Last 12 Months, All Time; Rolling 12-Month Average Collection Rate, Fixed Gross Collection Rate
Drill Down: Includes ability to drill down by a specific month when viewing results.
Details: Your gross collections rate indicates how well your fees are matched to your allowed amounts. A very low gross collection rate may indicate that your fee schedule amounts are too high. A very high gross collection rate may indicate that your fee schedule amounts are too low, potentially leading to reduced reimbursements.
Drill Through: This report includes a direct connection to the Daily/Monthly Transactions report.
Limitations:
Any charges or payments entered or updated will not be reflected in the gross collection rate calculation until the next day.