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A rate calculated by dividing total receipts by total charges. This indicates the percentage of total charges being collected.

http://physiciansnews.com/business/502migliore.html

For example, a practice charges $100 for a service. In accordance with the practice's contract, the insurer pays $50 for the service, yielding a 50 percent gross collection rate. However, if the practice charges $50 for the service, and is paid $50, the result is a 100 percent gross collection rate.


Posted May 05 2020, 11:34 PM by admin

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