Are you looking for a strategy to help increase your acupuncture practice’s net collection rate?
Net collection rate is the percentage of collectible funds actually collected.
Any percentage under 95% net collection rate is considered a practice losing revenue.
Strategies for improving your acupuncture practice’s net collection rate include:
Collect copayments and deductibles at the initial point of service.
Educate your patients on their financial obligations so there are no surprises.
Offer payment options to meet your acupuncture patients’ needs so they will pay their bills promptly.
It is also important to stay on top of the specific insurance rules by scheduling workshops or courses with American Acupuncture Council Network to update your team on billing rules and payer requirements.
Remember, the American Acupuncture Council Network is the expert with over 3 decades of experience dealing with a wide range of acupuncture billing issues.
0 Comments