• Net Collection Float

Founded in 1998, Professional Debt Mediation, Inc (PDM) began servicing the multi-family industry providing excellent solutions and proven results quickly and professionally. By treating everyone with respect, we have become known for fairness among consumers.For nearly two decades, we have served clients across America with recovery results that are consistently above industry averages. We achieve this high level of success by recovering past due amounts for our clients while adhering to a strict code of ethics and providing extensive staff training to assure compliance with consumer-friendly practices.After establishing our proven “Seven steps to collections”, we determined this philosophy carries over to other various industries that we also serve with the same above average recovery rates.Better People. Better Solutions.

Net Collection Float

Better Results.We invite you to learn more about the PDM difference. American Collectors AssociationNational Apartment AssociationFlorida Apartment AssociationGeorgia Apartment AssociationTexas Apartment AssociationGeorgia Apartment AssociationAtlanta Apartment AssociationMid Georgia Apartment AssociationGreater Augusta Apartment AssociationGreater Columbus Apartment AssociationSouth Georgia Apartment AssociationGreater Columbia Apartment AssociationFirst Coast Apartment AssociationGreater Orlando Apartment AssociationBay Area Apartment AssociationSouth East Florida Apartment Association.

Many factors affect how much a medical practice actually collects compared to how much it would like to collect in an ideal world. To start with, several factors lower gross collections. For example, insurance companies may not pay the doctor’s full fee; doctors typically agree to limit their fees to scheduled amounts under their agreements with companies. In addition, some patients will not pay their bills in full or at all, so the practice will never receive the total amounts owed from those patients. Also, a provider’s billing staff might cause the practice to lose money by not filing claims by the deadline, and insurers may deny some claims that aren’t covered. The adjusted (or net) collection rate is a measure of a medical practice’s effectiveness in collecting reimbursement dollars. As an effective benchmark of your practice’s financial health, it represents the percentage of reimbursement achieved out of the reimbursement allowed based on contractual obligations with payers.

Practices calculate their net collection rate to see how much revenue is lost due to factors such as uncollectible debt, untimely filing, and other non-contractual adjustments. Along with and denial rates, the net collection rate is key to developing a clear understanding of your overall revenue cycle.