- The cost-to-collect calculation typically includes the direct and indirect costs associated with billing, claims processing, denial management, payment posting, patient collections, and other related activities.
- These costs may include personnel salaries, software and technology expenses, postage, paper supplies, outsourcing fees, training costs, and overhead expenses.
Why avail our Medical Billing Services?
- By outsourcing all your associated functions of medical billing to Acrev Solutions, we are committed to helping you improve your cost-to-collect by 18%.
- We recognize the importance of this metric in evaluating the efficiency and profitability of your revenue cycle.
- Many medical billing companies and providers often overlook industry standard norms for cost-to-collect, which can have a negative impact on the financial health of your practice.
- However, at Acrev Solutions, we prioritize cost containment and operational efficiency to ensure your revenue cycle performs optimally.