Calculate your Net Collections ratio.
At Synergy our goal is to help medical practices become more efficient, productive and profitable.
This worksheet is designed to help you figure out exactly where your practice stands in relationship to the services billed versus the amount of revenue actually collected.
Enter your total annual charges:
Enter your total annual insurance adjustments:
Enter your total annual earned income:
This is your potential collections:
This is your net collections ratio:
%
The National average is approximately 90%, while Synergy historically is 96%-98%. If there is room for improvement in your Net Collections ratio, consider what an increase of 5% or more would represent in annual revenue.
Contact us for more information on how Synergy can help.