What is the best practice target for denial write-offs as a percent of net revenue? I have normally considered less than 2 percent, but what are others doing?
Answer 1: We have a system goal of less than 1.25 percent.
This question was answered by: Caswell Samms, III, vice president and CFO, WellStar Kennestone, and is member of HFMA’s New Jersey Chapter.
Answer 2: I agree that the goal should be less than 2 percent.
This question was answered by: Ruth Landé, senior vice president, patient revenues, Memorial Sloan-Kettering Cancer Center, and a member of HFMA’s Metropolitan New York Chapter.
|What do you think? Please share your thoughts on this question in the comments section below.
The information provided through the Forum’s Ask the Expert service does not constitute legal advice, even when the advice is provided by lawyers. You need to obtain your own legal counsel for legal advice, and consider the laws and regulations that govern your state. The content and opinions expressed are those of the Forum experts, and not that of their employers or of HFMA. HFMA does not endorse the material or warrant or guarantee its accuracy. The responses are based only on the specific facts or circumstances provided. Forum experts cannot be held liable for outcomes related to any information provided.