Revenue cycle metrics · Definition
Net collection rate: Definition
Payments collected as a share of what the practice was contractually entitled to collect, after contractual adjustments.
This is a short definition only. The full explanation lives on dermatology revenue cycle KPIs, which is the page to read if you are dealing with this on live claims.
Definition
Unlike gross collection rate, it is not distorted by the practice's own fee schedule, which makes it the only collection figure worth comparing over time.
For worked examples, payer rules and documentation requirements, read dermatology revenue cycle KPIs. Return to the dermatology billing glossary.
See this term in your own numbers
A free claims audit reviews a de-identified sample of your dermatology claims and returns a line-item findings report.