Comparing 2015 to 2014 statistics for the mature area practices sampled, we found that practice production was up 6% and collections were up 4.8%.
Total patient flow was up 3% with New Patients being up 7.3%. The average production per exam was up 3.2%.
Metro Area Fees were up 1.3%. Outstate Area Fees were up 1.7%.
Producon Increase Percentages
2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
0.5% | 1.4% | 2.5% | 3.3% | 3.3% | 4.2% | 6.0% |
Collecon Increase Percentages
2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
0.4% | 0.4% | 1.6% | 3.5% | 2.2% | 3.1% | 4.8% |
As you can see, this is the most growth in 7 years.
Our Dow, a sampling of both Rural and Urban practices, shows an average collection percentage of 84% – down a percentage point from last year. The Collection percentage has slipped by around 1 point per year for the past five years. Doctors are raising fees but, of course, PPO Participation is affecting Collections.