Find out how much revenue your practice is losing to no-shows, denials, slow collections, and aging A/R -- and what you can recover.
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Most practices lose 5-15% of potential revenue through preventable leakage points. Understanding where the money goes is the first step to recovering it.
The average medical practice has a 5-10% initial denial rate. Of those, up to 65% are never reworked or appealed. The number one cause? Missing or incorrect prior authorization. Automating PA verification before the visit prevents the majority of these denials.
The national average no-show rate for medical practices is 5-7%, but some specialties see 15-20%. Each missed appointment represents lost revenue that often cannot be recovered. Automated reminders and waitlist management can reduce no-shows by 30-50%.
Patient responsibility has increased significantly over the past decade. Practices that do not verify benefits and collect at time of service often see collection rates below 90%. Knowing the exact patient responsibility before the visit is critical.
Best-in-class practices maintain days in A/R under 35 days. Every day beyond that represents cash not in your account. Claims older than 90 days have less than a 50% chance of being collected. Speed matters.