Indicator / MGMA
Cost Survey Benchmark / Your
Practice
Days in Receivable—The number of days it takes, on average, for an account to be paid.
Total Accounts Receivable – (Ext. Collections)
Average Daily Charges*
*Annualized Charges ¸ 365
Total Receivables Greater than 90 days
Net Collections Ratio—The percentage of collectible dollars that have been collected.
Total Collections – Refunds
Total Charges – (Contractual Adj + Coding Adj)
Gross FFS Collections Ratio—The percentage of charge dollars that have been collected.
Total Collections
Total Charges
Operating Cost—The percentage of revenues required to meet practice operating expenses.
Total Operating Expenses*
Total Revenues – Refunds
*Excludes all personal physician expenses and any other expense line item unrelated to running day-to-day operations.
KarenZupko & Associates, Inc.
625 N. Michigan Ave, 702
Chicago, IL 60611
P: 312-642-5616 F: 312-642-5571
www.karenzupko.com