Practice Collection Rates
I need to find the average percentage that doctors collect of their patient responsibility. For example, hospitals, after insurance and charity write-offs, generally collect 40 percent to 50 percent. Where can I find the comparable numbers for physician practices?
Question: I need to find the average percentage that doctors collect of their patient responsibility. For example, hospitals, after insurance and charity write-offs, generally collect 40 percent to 50 percent. Where can I find the comparable numbers for physician practices?
Answer: According to data we have from athenahealth, practices collect about 80 percent of deductibles and coinsurance. With smaller bills and a closer relationship to the patient, you’d expect practice collection rates to be better than those of hospitals. To get more data, type “self-pay” into the Search box on the left side of the Web page.
The Role of Third-Party Financing in the Health and Wellness Payment Landscape
April 17th 2025"How patients access and seek out health and wellness care continues to evolve amid growing costs and a changing healthcare landscape – and communication around payment options continues to impact how patients select their provider. In this whitepaper, Synchrony shares new data on the vital role alternative payment options have on patient decisions, and how providers can strengthen their financial offerings. Learning Objectives: • Learn the current trends impacting the ability of in-house financing plans to meet patient demands. • Understand patients’ financing preferences and how it directly impacts behaviors when pursuing care and choosing a provider. • Discover how third-party financing can support practices to meet patients’ needs, help relieve administrative burdens, and stay competitive within an ever-evolving healthcare industry. "
