How to Improve Your Billing Collection Rate

I can guarantee that you are not collecting everything you’re owed. Your billing collection rate is a direct reflection of your revenue health. A rate of 90% or higher is considered healthy. But if your rate is 60%, 50%, or lower, that means you’re losing a massive portion of your income. Let’s break it down — and show how Taylor Prime Solutions can help.

Understanding Your Billing Collection Rate

Your billing collection rate measures how much of your billed charges are collected. For example:

  •  0% – Claims aren’t being submitted, or all are being denied.

  •  30% – You’re collecting only a third of what you bill. Denials, missing documentation, or poor follow-up may be to blame.

  •  50% – You’re losing half your income. Claims may not be verified, properly coded, or followed up on.

  •  60% – A slight improvement, but still well below the industry standard of 90 %+.

Any number under 90% means there’s money left on the table.

The Possible Problems Behind a Low Billing Collection Rate

Why aren’t you getting paid for the services you provide? Here are common reasons we see:

  • Claims are denied due to missing or incorrect documentation

  • Patient benefits aren’t verified, leading to unexpected denials

  • Claims are never followed up on after submission

  • Timely filing deadlines (like 365-day limits) are missed

  • Inaccurate coding leads to partial payments or rejections

For example, a provider we helped was stuck at a collection rate of 50% because their front desk staff didn’t consistently verify insurance. We identified the issue, implemented a new verification process, and within 90 days, their rate improved to over 85%.

How Taylor Prime Solutions Can Help Improve Your Billing Collection Rate

At Taylor Prime Solutions, we specialize in helping providers recover lost revenue and improve their collection rates. Here’s how we do it:

  • Complete billing audits to identify where money is being lost

  • Clean claims submission with proper coding and documentation

  • Real-time insurance verification and authorization support

  • Denial management and appeals processing

  • Patient billing and follow-up systems

  • Weekly reports that track your collection rate and performance

We’ve helped providers move from billing collection rates as low as 30% to well over 90% — and we can do the same for you.

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  • Why Taylor Prime Should Be Your Top Choice

Let’s Improve Your Revenue

If your collection rate is under 90%, let’s talk. You’re working too hard not to get paid. We can help you recover lost income, avoid future mistakes, and run a more financially sound practice.

📞 Call 844-829-5679
📧 Email

Billing Collection Rate