The net collection rate is the percentage of collectible funds actually collected (i.e., after contract write-offs, etc.) and anything under 95% net collection rate is …
Welcome to your billing and coding weekly solutions by American Acupuncture Council Network (AAC).
Are you looking for a strategy to help increase your net collection rate?
The net collection rate is the percentage of collectible funds actually collected (i.e., after contract write-offs, etc.) and anything under 95% net collection rate is considered a practice losing revenue.
4 strategies for improving your net collection rate include:
1. Copayments and deductibles are collected at the initial point of service.
2. A staff member who educates patients on their financial obligations so there are no surprises.
3. Offer some payment options to patients which will meet their needs so they will pay their bills promptly.
4. A source who is a billing expert that provides your staff with the latest changes in billing and coding.
Thankfully, American Acupuncture Council Network (AAC) is the expert with over 3 decades of experience in dealing with a wide range of acupuncture billing issues.
AAC understands billing with incorrect acupuncture CPT and ICD codes can lead to claim rejections and delays in payments, which can have a devastating impact on generating revenue and keeping you in business.
If you are experiencing insurance claim denial, staff spending too much time trying to get claims paid, and patients asking why their claims have not been paid then American Acupuncture Council Network is your solution.
American Acupuncture Council Network stays ahead of the curve on the latest trends and changes in billing and coding utilizing their direct channel of communication with the insurance companies and organizations that set the guidelines.
There is a reason acupuncturists have trusted AAC with their business for over 30 years.