Skip to main content
monitoring Free Tool

Collection Rate Calculator

Measure your practice's gross and net collection rates, compare against industry benchmarks, and see exactly where revenue is leaking.

Enter Your Financial Data

10 45 days 120

Your Collection Rates

Gross Collection Rate 56.0%
Net Collection Rate 93.3%

Below benchmark (96%+)

Annual Revenue Breakdown

Total Billed

$3,000,000

Contractual Adjustments

-$1,200,000

Total Collected

$1,680,000

Write-offs

-$60,000

Uncollected (Opportunity)

$60,000

schedule A/R Assessment

Your 45 days in A/R is above the 30-40 day benchmark. Faster follow-up could accelerate cash flow by $15,000+/month.

Improve Your Collection Rate arrow_forward

Collection Rate Benchmarks by Specialty

Specialty Avg Net Collection Rate Top Performer Avg Days in A/R
Family Medicine95.2%98.5%35
Cardiology94.8%98.1%38
Orthopedic Surgery93.5%97.8%42
Dermatology95.8%98.9%32
Mental Health92.1%97.2%45
Urgent Care94.5%98.0%30
Physical Therapy91.8%96.5%48

Source: Industry benchmarking data. Individual results vary based on payer mix, geography, and practice operations. Get your personalized analysis.

Collection Rate FAQ

Understanding and improving your practice's collection efficiency.

Maximize Collections

Our clients average 97%+ net collection rates. See how we can improve yours.

Get a Free Billing Audit arrow_forward

What is the difference between gross and net collection rate?

Gross collection rate measures total payments received divided by total charges billed — it shows what percentage of your full fee schedule you collect. Net collection rate measures payments received divided by allowed amounts (charges minus contractual adjustments) — it shows how efficiently you collect what insurance actually owes you. Net collection rate is the more meaningful metric, as it accounts for contracted rates with payers.

What is a good net collection rate for a medical practice?

A good net collection rate is 96% or above. Top-performing practices achieve 98%+. If your net collection rate is below 95%, you are likely experiencing revenue leakage from unworked denials, missed timely filing deadlines, poor patient collections, or coding issues. The MGMA benchmark for high-performing practices is 97-99%.

How can I improve my collection rate?

Key strategies to improve collection rates include: (1) Verify eligibility before every visit, (2) Collect copays and deductibles at time of service, (3) Submit clean claims within 24 hours, (4) Follow up on unpaid claims at 30, 60, and 90 days, (5) Appeal all appropriate denials, (6) Implement patient payment plans for large balances, and (7) Regularly audit coding for accuracy and completeness.

What is days in A/R and why does it matter?

Days in Accounts Receivable (Days in A/R) measures the average number of days it takes to collect payment after a claim is submitted. The industry benchmark is 30-40 days. Every day beyond 40 reduces your probability of collection — claims over 90 days old have less than 50% chance of being paid, and claims over 120 days have less than 25% chance.

How does patient responsibility affect collection rates?

With high-deductible health plans on the rise, patient responsibility now accounts for 25-35% of practice revenue. Patient collection rates average only 50-70%, making it the single largest source of revenue leakage for most practices. Implementing point-of-service collections, clear payment policies, and flexible payment options can improve patient collections by 20-40%.

№ 99 The Closing Argument

Collect Every Dollar You've Earned

MedPrecision's revenue cycle experts help practices achieve 97%+ net collection rates through systematic claim management and patient collections.

Free · No obligation · Typical audit 3–5 days &