How do I check net collection rate report?

Purpose: 
To measure the practice's financial efficiency by calculating the percentage of payments actually collected versus the amount owed, after accounting for adjustments and write-offs.

Scope: 
This financial report provides:

• Net collection rate (key performance indicator)
• Payment tracking: 
  • Payments received 
  • Payment due dates 
  • Timeliness of collections
• Filtering capabilities: 
  • By patient 
  • By insurance provider 
  • By date range

Procedure:

1. Navigate to Reports > Financial > Net Collection Rate
2. Apply filters as needed:
   1. Select specific patient(s) or insurance(s)
   2. Set date range for analysis
3. Review:
   1. Total amount billed
   2. Amount collected
   3. Net collection rate percentage
4. Export for financial analysis

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The Net Collection Rate report is used to track the payments made by patients as well as when those payments were due. The report can also be filtered by specific patients and insurances.