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Showing 1 articles from February 13, 2017.

Business/Technology

Medical Practices Facing Woeful Collection Rates
Medical Practices Facing Woeful Collection Rates

Based on an average physician practice submitting 83 claims daily, industry collection statistics are sobering: multispecialty practices collect only slightly more than half of accounts receivable within 30 days. Up to two-thirds of physician practice revenue is lost because of billing leakage.

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