Starting a Successful Dermatology Practice

Dermatology Practice Start Up Help There are many things that require your attention when starting a dermatology practice and for those of you who have done it, you understand what I mean. Starting a new practice has to be one of the most stressful and trying times for a physician. It would seem as though…

Gross and Net Collection Ratio

Gross Collection Ratio

The gross collection ratio includes the total payments received by a practice for a specific period without any write-offs. The gross collection ratio is the total payments for the period divided by the total charges without write-offs. For example, $500,000 (your payments) divided by $1000,000 (your charges), equals a gross collection rate of 50 percent. This means that for every dollar charged, the practice is collecting 50 cents. This is not a good ratio; however, it may be the best the office can do if the practice has a high payor mix consisting of Medicaid, and Medicare. This is obviously dependent upon how the charges are set as a percentage of current Medicare.

Net Collection Ratio

Dermatology Medical Billing Experts

We are a group of Dermatology Practice Executives, certified dermatology coders and dermatology billing specialists who want to help dermatologists by offering them ways to increase revenue and reduce the headaches of managing their office.  We recognize the challenges facing dermatologists and understand what it takes to run and manage a successful operation. Whether you…